Russian Central Bank Brings Out Hard Crypto Regulation

The Russian central bank (RCB) is all set to bring new regulations on cryptocurrency which targets unqualified investors to be limited in how much cryptocurrency they can purchase. The Internet of Money and the Internet of Information offer users the freedom to go anywhere without leaving their home. Hence RCB wants to limit the trading of foreign currencies to qualified investors.

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Russian Central Bank Brings Out Hard Crypto Regulation

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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