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 thought this country have just legalized crypto recently and then they will ban it few moments later? lol Did Russia have their digital currencies already? And why they are more concerned of it than the local currency? But they should avoid this kind of mentality, they are not kids anymore. How many times it explained to us that cryptos are not the enemy of the other currencies and cryptos are not going to rule the whole world because that's just crazy lol.
Okay cryptos may not be stable but what can we do? That's how make them unique and attractive but most of all that can be beneficial if they will only learn it. Better if they observe things first if cryptos are really bad for them or not and not by doing immediate actions.