Proposed blanket ban on use/creation of crypto

Note: I know nothing about cryptocurrencies and have no idea if this is really breaking or important!
–Linda

https://www.bloomberg.com/news/articles/2022-01-20/russia-s-…

BREAKING: The central bank of Russia, the third-biggest crypto mining nation in the world, proposed a blanket ban on the use and creation of all cryptocurrencies domestically.


Here’s a Reuters article in case you can’t access Bloomberg
https://www.reuters.com/business/finance/russian-cbank-propo…
Summary
–Russian c.bank proposes ban on cryptocurrency use
–Regulator warns of risks to financial stability
–Analysts say wider impact negligible for now
–Ban on cryptocurrency exchanges also proposed

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