Today news
About the same in other media
Industry experts reveal a possible method for Bank of Russia to block crypto
Reading now: 397
Amid the ongoing uncertainty about the future of cryptocurrencies in Russia, one local industry executive has disclosed a potential method for the Bank of Russia to block crypto transactions.
Andrey Mikhaylishin, CEO of the local crypto payment startup Joys, said that the Russian central bank is now considering several potential options to make its crypto ban possible, Forbes Russia reported Friday.
One of the possible restriction methods includes blocking debit card payments to crypto exchanges or wallets using merchant category codes (MCC), Mikhaylishin said. The report notes that the executive became aware of this blocking method from Bank of Russia employees.
MCC codes are four-digit numbers used by credit card processors like Visa or
Read more on cointelegraph.comAbout this in other media
Mexican CBDC, Bitcoin ATMs in Panama, Russian Blockchain ETF + More News cryptonews.com /2 years ago
Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital cointelegraph.com /2 years ago
Biden and Putin to talk on Europe's security and Ukraine before possible January meeting euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
