Russia's Central Bank Issues Warning on Cryptocurrencies and ICOs

In constrast with earlier news about Russia's first approved cryptocurrency exchange its Central Bank issued a warning on ICOs and cryptocurrencies:

"Given the high risks of circulation and use of crypto-currency, the Bank of Russia considers it premature to admit crypto-currencies, as well as any financial instruments nominated or associated with crypto-currencies, to circulation and use at organized trades and in clearing and settlement infrastructure on the territory of the Russian Federation for servicing transactions with crypto-currencies and derivative financial instruments on them."

This sound awfully close to what China did but even with stronger cryptocurrencies = ICO message, which is imo flat out wrong. This is really unexpected esp. taking into account, that even Putin's own advisor is running an ICO.

Read full story @ https://www.coindesk.com/russias-central-bank-issues-warning-cryptocurrencies-icos/

image source: cryptocompare.com