Russian cenbank official: We see no room for cryptocurrencies

While it plans to issue its own digital rouble, Russia has opposed private cryptocurrencies for years, saying they could be used in money laundering or to finance terrorism.

Bank of Russia Deputy Governor Vladimir Chistyukhin hinted on Monday that privately run cryptocurrencies may soon no longer be used in the country's financial markets, TASS news agency reported.

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The central bank is working on a report elaborating on proposals to limit the use of such currencies in Russia, TASS cited Chistyukhin as saying.