With the tensions and escalation on the Russia-Ukraine border, the Crypto market uncertainty continues. In the past few days, the digital currency market has shown signs of recovery, however, with the latest announcements about the impending potential confrontation, it began to retreat slightly.
Bitcoin managed to reach $45,800 during this week and Ethereum got to $3,270.
Russia To Regulate Crypto as a Form of Currency
It seems that the Russian government and the Russian central bank have managed to come to an agreement on how cryptocurrencies should be considered. While the country’s central bank earlier this month proposed banning mining, crypto-trading, and digital asset transactions, due to the threat they are believed to pose to the country’s financial stability and monetary policy, the director of the Russian finance ministry’s policy department, Ivan Chebeskov, said that Russia should instead regulate the cryptocurrency market, rather than ban it altogether.
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