Bank of Russia governor: Banning crypto in Russia is 'quite doable'

Meanwhile, the Bank of Russia does not support the idea of ??allowing non-professional investors to buy cryptocurrencies like Bitcoin, citing common risks such as fraud and money laundering. Authorities have been critical of cryptocurrencies in mining, warning against fraudulent mining schemes for non-existent cryptocurrencies.

After years of debate, the Bank of Russia and the Russian government are expected to finally find a common ground for crypto control in the country by this Friday.