Bank of Russia tightens its grip on digital currencies

Russia’s central bank is trying to assess the bitcoin holdings of local investors amid the huge amount of money that has returned to banks after the epidemic. “We need to work on both the data and the public awareness of the dangers of such unsupported investments,” Elizota Danilova, head of the central bank’s economic stability department, told Reuters. Citing the greater dangers of digital currency derivatives markets, such as bitcoin futures or exchange-traded funds, he said the digital currency market lacks transparency not only in Russia but also in other regions.

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