Russian Central Bank Issues New Warning Against Cryptocurrencies

The Central Bank of Russia warned investors on the risks of investing in cryptocurrencies in a report released yesterday.

According to TASS, the central bank’s annual Financial Stability Report noted an apparent bubble in the cryptocurrency markets, stating that it may lead to “substantial losses” for investors.

The report also stated that cryptocurrencies may be used for criminal activities, in particular for money laundering and terrorism financing.

The report continued on to declare that: […]

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