Russian Central Bank, Government No Closer to Crypto Compromise: Report

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Russian Central Bank, Government No Closer to Crypto Compromise: Report
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The compromise Vladimir Putin called for between Russia's central bank and government is seemingly no closer following discussions Tuesday. By JamieCrawleyCD

so the country doesn't lose the potential benefits to the economy from the"competitive advantages" it holds in the mining industry due to its surplus of electricity. Russia ranks third in the world in bitcoin mining.

Law enforcement agencies are concerned they can't adequately approach crimes involving crypto, the document published last week said. In January the Bank of Russia cryptocurrencies a threat to financial stability and rife with fraud and banning cryptocurrency trading and mining in the country.Adds context to first paragraph, Bank of Russia's January position in last bullet point.

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