Russia doesn't plan to follow in China's footsteps by banning crypto outright...
Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin. While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit trading by its citizens.According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation, said he believes Russian citizens will continue to be allowed to buy and use cryptocurrencies outside the country on foreign....
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Bank of Russia governor Elvira Nabiullina previously argued that banning Bitcoin in Russia was “quite doable." Banning cryptocurrencies like Bitcoin (BTC) is impossible, Russia’s finance minister Anton Siluanov declared as the Bank of Russia keeps calling on the state to ban crypto in the country.Placing a ban on crypto in Russia is the “same as banning the internet, which is impossible,” Siluanov declared at the ministry’s briefing with the central bank, Forbes Russia reported Wednesday.The finance minister reportedly said that starting regulating the cryptocurrency industry as soon as....
Oh, look. Another day, another story about China. Today, reports indicate that the governor of the People's Bank of China (PBOC) - the Chinese central bank - has no intentions of banning bitcoin. Despite the fact that their hasn't been talk lately of an outright ban, there's been chatter about banks discontinuing relationships with bitcoin exchanges. "It is out of the question of banning bitcoin as it is not started by central bank," Zhou Xiaochuan was quoted as saying, according to CoinDesk. "Bitcoin is more a kind of tradable and collectible asset, such as stamps rather than a payment....
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.” Russian President Vladimir Putin believes that it's “still premature” to use cryptocurrencies for settling trades of energy resources like oil.The Russian president discussed potential use cases of cryptocurrencies in a Thursday CNBC interview following a plenary session of the Russian Energy Week forum.According to a full interview text published on the Kremlin’s official website, Putin said that private cryptocurrencies “can act as a unit of account” but they are....
Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase Cryptocurrencies on Foreign Exchanges Unlike the Chinese government, authorities in Moscow do not intend to impose restrictions on the purchase of cryptocurrency on digital asset exchanges based abroad, a statement by Russia’s deputy minister of....
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered a serious increase in turnover this year. Indonesia to Tighten Regulations Without Prohibiting Crypto Transactions The Indonesian government will not follow in the footsteps of China, which has confirmed a ban on all cryptocurrency transactions, the country’s Minister of Trade Muhammad....