According to a Central Bank of Russia report, Thursday’s publication calls for the complete ban of domestic cryptocurrency trading.

This report is titled “Cryptocurrencies – Trends and Risks: Measures” CompareThe authors compare cryptocurrency to a Ponzi scheme, and call for an absolute ban on the use of cryptocurrencies in Russia. They claim that cryptocurrency is highly volatile and being used to support illegal activity. Also, crypto can pose a danger to financial sovereignty as it could allow people to take money out of the economy. It read as follows: