Putin Takes U-Turn, Says Bitcoin Has Value
Up until now, the Russian authorities had shown a skeptical view on using Bitcoin and cryptocurrencies for investments. Authorities from the country have expressed a general fear of its volatility and lack of transparency being an amicable medium for possible money laundering. Related Reading | Majority Of Russians Say They Would Rather Buy Crypto Over Traditional […]
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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.....
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 also asked the central bank and the government to come to a consensus on bitcoin regulation.
Russian President Vladimir Putin has cautioned of an impending energy problem brought about by the unbridled growth of bitcoin mining in his nation. Emphasizing the enormous power consumption of mining activities, Putin said that these operations account for about 1.5% of Russia’s overall electricity consumption. This translates to a whopping 16 billion kilowatt-hours yearly. The […]
Responding to events in Ukraine and Crimea, the Obama administration has barred certain prominent Russians from entry to the U. S. and sanctioned company and private fortunes. Yesterday, the heads of major Russian oil and energy companies, Rosneft and Gazprom, were both sanctioned. It appears even the rumored private fortune of President Putin may be pursued if the political situation deteriorates. In 2007, the CIA and Russian political expert, Stanislav Belkovsky, claimed Putin's worth exceeds $40bn. In 2012, Mr. Putin declared his income as $115k and his bank account at $180k. Quite....