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19 September 2021

Bank of Russia wants to block ‘emotional’ and suspicious crypto activity

Bank of Russia wants to block ‘emotional’ and suspicious crypto activity


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As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases.

The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto.

6, the Russian central bank asked local banks to block customer accounts, e-wallets or credit cards for suspicious crypto transactions identified using a wide set of criteria like the number of senders or receivers.

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cointelegraph.com
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