An important cryptocurrency step came from Russia. It has been announced that payments from banks in the country to crypto exchanges will be slowed in order to prevent manipulative purchases.
Sergey Shvetsov, First Deputy Governor of the Central Bank of Russia, touched on the risks in the Cryptocurrency market. He likened the market to a huge minefield.
He reminded that there are global discussions on the markets. He pointed out that each country has a different approach.
BANKS WILL SLOW PAYMENTS!
"It is also possible that all this will collapse like a high-tech financial pyramid," said Sergey Shvetsov.
Shvetsov said that they have started working with the banking system to prevent the manipulative purchase of cryptocurrencies, which is described as 'emotional', without thorough investigation. “This way, banks will slow down payments to crypto exchanges,” he said.