Russia bans Cryptocurrency – Katoch Tubes

Russia cryPto BAN

Russia cryPto BAN

What's the News?

On 16th July 2022. Russia passed a law imposing ban on cryptocurrency. Russian President Putin has signed & approved it

What's the ban about?

The law prohibits anyone from transacting & paying in cryptocurrencies. It also bars anyone from receiving crypto payments.

Who will be affected?

Bitcoin miners in Russia & Russian citizens will take a hit. The overall activities will slow down. However, it will  have little impact on the  global market

Countries who banned Cryptocurrencies

Russia has entered into the list of countries that banned cryptocurrencies. China, Qatar, Turkey & Bangladesh are among the list.

The U-turn of Iran

In another news, IRAN has made imports worth $10 million using cryptocurrencies. Details-

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