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. “We have a negative attitude towards cryptocurrencies. We definitely do not support any circulation of it in our country,” Lyakh said in the video, as per Reuters, who previously reported that officials had met to discuss a potential ban on cryptocurrency investments in the country. The Epoch Times has been unable to independently verify the video. A spokesperson from the Central Bank told Reuters that it was preparing an advisory report to set out …
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