Crypto in Russia

What’s going on with cryptocurrency in Russia

  • High volatility that may lead to significant losses for the investors
  • Massive usage of cryptocurrency may limit monetary policy sovereignty of Russia, which may lead to some difficulties in dealing with inflation
  • Mass withdrawal of savings from Russian financial sector may lead to difficulties with financing the real economy
  • Cryptocurrencies are used for illegal actions, such as money laundering
  • Prohibit the use of crypto as a means of payment for goods and services
  • Prohibit the issue and circulation of cryptocurrencies and establish a liability for organizations for breaching the ban
  • Prohibit the financial institution of investing into cryptocurrencies and organizations related to the crypto industry
  • Prohibit of the crypto mining in Russia
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The history of cryptocurrency in Russia

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