As per the article, the Minister of Finance and apparently, The Big Vlad himself does not agree to what the central bankers have said about crypto. Are we sure this is Russia we are talking about? Isn't it the case that Putin's word is writ there?
Whatever the confusion, this is good news. If Putin supports Bitcoin mining, i think the Russia FUD can be put to rest.
From the link in the website of kremlin.ru; the translated speech from Putin reads thus:
But before we start, as usual, a few current questions. I would like to start with an issue that is currently in the spotlight - the regulation of cryptocurrencies.
I will say just a few words, I am familiar with the ongoing discussion on this matter. These issues are dealt with and regulated by the Central Bank of the Russian Federation. The Central Bank does not stand in our way of technical progress and is making the necessary efforts to introduce the latest technologies in this area of activity.
As for cryptocurrencies, the Central Bank has its own position, it is connected with the fact that, according to the experts of the Central Bank, the expansion of this type of activity carries certain risks, and first of all for the citizens of the country, given the high volatility and some other components of this topic. Although, of course, we also have certain competitive advantages here, especially in the so-called mining. I mean the surplus of electricity and the well-trained personnel available in the country.
I would ask both the Government of Russia and the Central Bank to come to some kind of unanimous opinion during the discussion, and I would ask you to hold this discussion in the near future, and then report on the results that will be achieved during this discussion. This is the first.
Thats a lot of positives.
LOL @ Putin addressing the "Govt of Russia" and the "Central Bank" to sit and come to a unanimous opinion. That is what being Putin means I suppose.
