Cryptocurrencies Not a Risk to Stability, Russian Study Concludes

 Cryptocurrencies Not a Risk to Stability, Russian Study Concludes: A study has found that despite their volatility, cryptocurrencies do not endanger the financial system and the economy of Russia, as the risks are offset by the highly concentrated ownership of digital assets.  Crypto fluctuations are not believed to affect consumption either. Russian residents have controlled … Read more

Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

Zimbabwe’s central bank has recently banned domestic financial institutions from dealing with cryptocurrencies, local media outlet NewsDay reports today, May 12.  According to the report, the Reserve Bank of Zimbabwe’s (RBZ) director and registrar of banking institutions Norman Mataruka issued a circular Friday ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days … Read more