Published by
The Street
The Street
By Luc Olinga Nine countries currently explicitly ban cryptocurrencies, while 42 others are less firm even if they consider them illegal. Cryptocurrencies should be banned: That’s the verdict from Bank of Russia, the country’s central bank. It casts a chill over the crypto space, which has been pushing for mainstream digital assets adoption. In a report, the institution indicates that cryptocurrencies are volatile and widely used in illegal activities such as fraud. By offering an outlet for people to take their money out of the national economy, they risk undermining it and making the regulat…