Russian President Vladimir Putin Addresses Digital Currency

Russian President Vladimir Putin Addresses Digital Currency

Russian President Vladimir Putin has issued his first remarks on bitcoin and digital currencies in an educational forum broadcast on domestic TV network Russia 24. Local news sources including Gazeta, state-operated news agency RIA and TASS are reporting Putin indicated his belief that the Bank of Russia, the country's central bank, has so far taken a reasonable stance on the technology by exploring, not rejecting, its applications. Further, he suggested that while he considered the use of digital currency as money to be perhaps problematic, the technology could be best considered as a....


Related News

Russian President Vladimir Putin: Bitcoin Has ‘Right to Exist’

Russian President Vladimir Putin made new comments suggesting a growing tolerance for Bitcoin and cryptocurrencies during an interview with CNBC that was posted on the Kremlin’s website Thursday, Bloomberg reports. “I believe that it has value,” Putin told CNBC’s Hadley Gamble at the Russian Energy ...

Putin Warns Cryptocurrencies Carry Risks, Admits They May Have Future

Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with the virtual assets. However, the Russian leader has also acknowledged that digital currencies may have a future and it’s necessary to follow their development. Russia’s Putin Still Cautious About Crypto Russian President Vladimir Putin has made another comment regarding cryptocurrencies. Speaking at the VTB Capital Investment Forum “Russia Calling!” 2021, the head of state noted that crypto assets still carry a lot of serious risks.....

Putin Signs Law Prohibiting Payments With Digital Assets in Russia

President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” President Putin Approves Legislation Banning Digital Asset Payments in Russian Federation Russian President Vladimir Putin has signed a law imposing direct restrictions on the use of digital financial assets (DFAs) as a means of payment inside his country, the crypto page....

Russian President Vladimir Putin Signs Order Compelling Government Workers to...

Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly, children and spouses of government employees must disclose their digital asset holdings, according to a document that was signed on Nov. 10. Meanwhile, as part of the new requirements that are also applicable to citizens applying for public office, Russian government workers are required to state: The....

Vladimir Putin Speaks Out in Favor of Bitcoin

Earlier this week, Vladimir Putin, the Russian President, finally gave his public opinion on Bitcoin and digital currencies for the first time. The Russian President issued his first remarks in an interview for an educational forum broadcast on domestic TV network Russia 24. In an interview with the nation’s domestic TV network, the Russian President....