Crypto advocates welcome Russian central bank’s retail investor turnaround

A pro-business Russian lawmaker has welcomed the central bank’s remarkable U-turn on crypto regulation as Moscow prepares to let retail investors buy Bitcoin and other high-cap tokens. Anton Gorelkin, the first deputy chairman of the State Duma’s IT committee, noted that the Central Bank had been advocating a “ban on cryptocurrencies for four years,” Russia’s Parliamentary Gazette reported. “The central bank is now demonstrating a more balanced position,” Gorelkin said. “The bank’s stance remains unchan ...