Recently, Ukraine has called for "sabotage" of everyday Russians' crypto assets due to an ongoing war between the two countries. Among many, its European allies have also voiced mounting concerns that Russia may use crypto to bypass Western sanctions.
But ironically, it appears that one of the greatest proponents of barring everyday Russians and financial institutions from accessing cryptocurrencies is actually the Central Bank of Russia, or CBR, itself. As reported by local news outlet tass.ru on Thursday, the CBR continues to adhere to its position of proposing to ban the issuance, mining, and circulation of cryptocurrencies in the Russian Federation. A CBR official stated: