Russian Bank "My Bank" freezes cash withdrawals day after Russian Central Bank warns on Bitcoin
According to a report on Zero Hedge, "My Bank," one of Russia's top 2oo lenders by assets, has suspended all cash withdrawals. The lockdown is expected to last for a week. This news follows the recent statement by the Russian Central Bank warning citizens against the speculative and legal risks of Bitcoin. The Russian Ruble is experiencing downward pressure from the current "risk-off" environment afflicting emerging market economies. It's possible this currency situation is responsible for the bank freeze. My Bank shuts down cash withdrawls to prevent a bank run? This story, together with....
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