Topic: What is the movement of Russia towards cryptocurrency? (Read 89 times)
=>>Putin: ‘Russia Cannot Have Its Own Cryptocurrency’
- Russian President Vladimir Putin issued ambiguous, but mostly negative, commentary on the question of Russian issuing its own cryptocurrency during his annual live question and answer session with the Russian public today, June 7.
- Putin answered by first explaining that Russia cannot have its own cryptocurrency, as cryptocurrency “by definition” cannot be owned by a centralized state, since it “goes beyond borders.” Putin then claimed that Russia does not regulate the practice but treats it very carefully.
- Putin added that Russia must keep an eye on that phenomenon developing in the world in order to determine how Russia can “participate in the process” and that Russia must look into it in order to avoid any restrictions in the field of international financial activity.
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