Moscow should ban mining, issuing, and trading of cryptocurrencies, Bank of Russia, the country's central lender, said in a report on Thursday.
Bank of Russia's Financial Stability Department Director Elizaveta Danilova presented the plan at an online press conference, describing crypto assets as volatile and widely used in illegal activities.
The report suggested that the Russian citizens' needs for digital payment options can be met with the launch of the digital ruble.
