FMP
Bitcoin Up 5%. Central Bank of Russia Advises Banks to Block Crypto Transactions
Sep 14, 2021 7:18 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
Russian Central Bank now recommends commercial banks to block cards/wallets that are transacting with cryptocurrency exchanges, providing the banks with a set of criteria to identify the accounts used by shady businesses. So, Bank of Russia added crypto traders to the list of suspicious entities along with illegal forex dealers and financial pyramids.
Despite this report today, Bitcoin gained around 5%, reaching a daily high of $46,913.98 at the time of writing this article.
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