- Russian President Vladimir Putin recently negated the possibility of a Russian national cryptocurrency.
- He said that no country can have its own cryptocurrency as they ought to operate without national borders.
In a recent interview, Russian President Vladimir Putin said that countries cannot have their own cryptocurrencies as they ought to operate beyond national borders. He said this in response when asked if there is a possibility of a Russian National cryptocurrency. Discussing Russia’s legal status on crypto, Wikipedia’s official page reads:
As of November 2016, bitcoins are “not illegal” according to the Federal Tax Service of Russia. Deputy Finance Minister of the Russian Federation Alexei Moiseev said in September 2017 it’s “probably illegal” to accept cryptocurrency payments. However, bitcoin market sites are blocked, and court decisions state that bitcoin is a currency surrogate which is outlawed in the territory of the Russian Federation.
Changpeng Zhao, the CEO of Binance, took twitter to appreciate Putin’s understanding of the subject. Given that the majority of the world leaders are leaning more towards a CBDC than towards a global digital currency, president Putin’s remarks are refreshing and may lead to a new rise in Bitcoin prices.
I have seen very few other leaders with this level of understanding so far.
Most others are still at the level of, how do we issue a version we can control? Misses the point. [email protected]_binance
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.