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Russia’s Central Bank to Create Its Own Cryptocurrency Instead of Legalizing Bitcoin

Elvira Nabiullina, the head of Russia’s Central Bank, has once again spoken against legalization of cryptocurrencies in Russia, however, she conceded that they could create a national digital currency based on blockchain technology. “We don’t deem it appropriate to legalize cryptocurrencies at Russian exchanges, and we don’t endorse its legalization as a legal tender. Yet, …
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