🔴JUST IN - Russian Central Bank set to prohibit all cryptocurrencies such as#Bitcoin in the country, including transactions, mining, and circulation.

In a statement issued on Thursday, the Central Bank said that "the status of the Russian ruble, which is not a reserve currency, does not allow Russia to take a soft approach or ignore the growing risks" from cryptocurrencies.

Cryptocurrencies have several characteristics of a pyramid scheme, the statement added.

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