Russian central bank chief pours cold water on crypto

Cryptocurrencies are still “very volatile” and are used for shady transactions, Elvira Nabiullina has warned

The head of Russia’s central bank, Elvira Nabiullina, has called for settlements in cryptocurrencies to be banned in the country. Russia currently allows cryptocurrency mining and experimental foreign-trade settlements in crypto.

Speaking at a press conference on Friday, Nabiullina stated that cryptocurrencies were still “very...