Quote from: R-J-F on November 30, 2019, 09:05:04 PM

Quote from: DCEBrief on November 30, 2019, 02:42:24 AM

Russian Central Bank Signals Support for Cryptocurrency Ban

https://dcebrief.com/russian-central-bank-signals-support-for-cryptocurrency-ban/

Tough time for crypto or, business as usual?

I'm not surprised a spokesperson for the Russian Central Bank would be vocal against cryptocurrency and saying they would support a ban, it doesn't amount to a whole lot. The choice to call them private cryptocurrencies or consider them legal tender is a bit strange to me. Of course ICO and other variants are certainly not the same as crypto.

The money laundering issue is a moot point, unless they are going to ban all forms of exchange that can be used for money laundering and most if not all of them are inferior to crypto in terms of traceability given the right tools. The volatility I can certainly understand in terms of it being used for reliable exchange of products and services.