Russian Central Bank Proposes Crypto Use and Mining Ban, Bitcoin Moves Up
The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges. However, despite the news, bitcoin (BTC) moved up. At 16:49...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges.
However, despite the news, bitcoin (BTC) moved up. At 16:49 UTC, BTC trades at USD 43,324 and is up 3% in a day, trimming its weekly losses to less than 2%.
The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this move. ...
Read More: Russian Central Bank Proposes Crypto Use and Mining Ban, Bitcoin Moves Up
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Russia Sets November 22 Start for Exchange Crypto Trading, Subject to Approval
TL;DR: Russian exchanges may begin cryptocurrency trading from November 22 if their trading rules receive the Bank of Russia’s con...
UK, Singapore, and Thailand central banks complete foreign exchange settlement trial linking traditional and tokenized systems
Three central banks published findings from a cross-border FX settlement trial using Partior's synchronization prototype.
Thailand SEC Proposes Stablecoin Rules With 5M Baht Daily Caps for Crypto Transfers
Key Takeaways: Thailand suggests that daily deposits and withdrawals for stablecoins should be capped at 5 million baht. Only veri...
Israel Discount Bank to Let Customers Trade Bitcoin in App Starting Nov. 26
Bitcoin Magazine Israel Discount Bank to Let Customers Trade Bitcoin in App Starting Nov. 26 Israel Discount Bank said Wednesday t...
Bitcoin Core Discloses Tor and Mining Bugs: Who Was Affected and What Was Fixed?
Bitcoin Core developers have disclosed three previously patched security flaws, including a Tor-related permissions mistake that a...
Griffin Raises $20M to Bring Stablecoin Payments and Card Issuing to Its Banking Platform
Key Takeaways: Griffin raised $20 million in a Series B round at a valuation exceeding $100 million. The UK’s bank is set to intro...