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Robinhood Launches Crypto Gifts as Russia Reportedly Eyes Ban: Crypto Minute

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In the latest episode of the Crypto Minute, Ross Mac of Maconomics explored Robinhood’s  (HOOD) - Get Robinhood Markets, Inc. Class A Report launch of cryptocurrency gifting, reports the Russian central bank is weighing a cryptocurrency ban and policy considerations at the International Monetary Fund, or IMF.

Transcript:

Robinhood is launching crypto gifts just in time to put under the tree while Russian hackers may have just got some bad news…

I'm Ross Mac and these are the biggest stories in cryptocurrency, Friday, December 17. 

The Russian central bank is looking to ban cryptocurrency investments in Russia. The bank reportedly believes that the rising number of crypto transactions is risky for financial stability, according to Reuters. If Russia is able to ban the transactions, then it would prevent new crypto assets from being purchased, but wouldn't impact assets already purchased....

Now if you're looking to get in the holiday spirit and give out crypto...Robinhood just announced they will be launching a gift giving service on Dec. 22. It will let users send cryptos such as Bitcoin, Ethereum, Dogecoin, and more to friends and family. Somebody tell grandma to give cryptos this year instead of those socks and sweaters.

Moving internationally...the IMF's chief economist has called for a global policy on cryptocurrencies rather than banning them. Gita Gopinath argues that a true ban would be difficult with so many offshore exchanges. That's obviously the overall point of decentralization...her comments come as the Indian gov works on a crypto regulation bill.

TheStreet's Crypto Minute is brought to you by Blockchain.com.

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