Russian Central Bank Flags Sharp Rise in Crypto-related Activity


The Central Bank of Russia has signaled a considerable increase in crypto-related activities. The regulatory body has recognized the popularity of crypto-assets and the need for comprehensive regulatory actions to maintain a safe and fair market. This boost in cryptocurrency engagement might be attributed to numerous factors, such as global economic instability fuelling interest in alternative financial systems, or the increased acceptance and use of cryptocurrencies in various industries. The bank is working on risk assessments and putting measures in place to address potential challenges associated with digital assets.

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