Russia’s crypto regulators were subject to conflicting reports on Thursday. First, there is a ReportAccording to Reuters, the Central Bank of Russia wants to ban cryptocurrencies. They cite financial instability and an exploding number of transactions as reasons. This move aligns with Russian President Vladimir Putin made these remarksLast month, a Russian central bank official stated that cryptocurrency “bear high risk” during an investment forum held in Moscow. The advisory report is being prepared by the nation’s central banking.

Anatoly Aksakov is the chairman of Duma [Russian Parliament]The Committee on Financial Markets made the following statement at a press conference on the same day as the local news station. interfax.ruCointelegraph translated it: