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Russian Central Bank Rejects Cryptocurrency Mining on Regulatory Sandbox

by CBDC Insider Staff
September 4, 2020
in Business, Europe
Reading Time: 1min read
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Russian Central Bank Rejects Cryptocurrency Mining on Regulatory Sandbox
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The Central Bank of the Russian Federation said no to the launch of the national mining pool called “Mine Russia,” project proposed by the Russian Association of Cryptoindustry and Blockchain (RACIB), a large Russian media group RBC has learned. Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news. The financial regulator reportedly refused to give a greenlight to the NMP due to the high risks of money laundering, as well as the inconsistency of the service with the formed state policy in the field of cryptocurrency regulation.

Read more at https://ihodl.com/topnews/2020-09-01/russian-central-bank-rejects-cryptocurrency-mining-regulatory-sandbox/

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