Russia, one of the global bodies who practice and engage the use of crypto currency has proposed a ban on it, stating fears as it(crypto) being a threat to digital currencies and also poses a threat to financial stability.
Vladimir Putin, president of Russia has decided that the proposed ban will be necessary as it will be able to curb financial insecurities. Mean while, Anton Siluanov, Finance Minister, is hoping there can be ways to iron out disagreements and that a bill be passed into law regulating cryptocurrency.
He is also of the opinion that should arguments ensue over the proposed bill, arrangements for it will be prolonged but is still hopeful that the President will agree to a consensus.
I am slightly confused with this Russia thing now, Last month I heard that Putin was positive on cryptocurrencies but the central bank of Russia was a bit skeptical about it so they were thinking of banning it, but last week I heard that Russia now has decided to legalize cryptocurrencies and regulate it as normal currencies. After this now I am hearing from you that Russia is thinking of banning cryptocurrencies. I am a bit confused about what actually is going on, why don't we just wait for any official announcement instead of spreading any rumor based on news articles. Because the news I read too was based on so-called
"Reports"