The Russian central bank has stepped up in its campaign against cryptocurrency investments in the country ahead of a possible ban, according to a Reuters report.
Valeriy Lyakh, head of the country’s central bank department for countering market misconduct, said in a video that investment in cryptocurrencies was an “out-and-out swindle” and a “financial pyramid” while pointing to the market’s lack of regulation and volatile nature. Lyakh also noted that manipulation of the market was yet to be investigated.
