President Putin’s Press Secretary: Russia ‘Not Ready’ to Adopt Bitcoin
Dmitry Peskov, the acting press secretary for Russian President Vladimir Putin, said Friday that Russia has no reason to recognize Bitcoin.Dmitry Peskov, the acting press secretary for Russian President Vladimir Putin, said Friday that Russia has no reason to recognize Bitcoin, according to the RIA Novosti news agency. In response to questions following the enactment of El Salvador’s law making Bitcoin legal tender, Peskov said the country is “not ready for such steps.’In his statement to the press, Peskov said that he is unconvinced that adopting Bitcoin would bring any benefits to the....
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Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not Open to Bitcoin Adoption in Russia The government in Moscow sees no reason to recognize bitcoin at this point, according to Dmitry Peskov, press secretary of Russian President Vladimir Putin. Describing it as a quasi-currency, the Kremlin representative insisted....
Russian president Vladimir Putin’s business advisor has said the country should “become the world leader in the Blockchain space.” Putin’s Advisor: ‘Time to Ban Bans’. Speaking to news resource Znak, Boris Titov, who also leads the rival, supposedly Kremlin-allied Party of Growth, advocated Bitcoin’s underlying blockchain technology as Russia’s gateway....
While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system. The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and the United States....
In adding to the recent stance taken by Russian regulators and official authorities, Russian president Putin’s counselor has reportedly stated that accepting bitcoin in Russia is “a crime”. Newly appointed counsel and advisor on the internet German Klimenko, has reportedly claimed that accepting bitcoin as a payment instead of Russian rubles, is unacceptable and is a crime. The seemingly matter-of-fact comments was made in an interview with Russian online news publication Lenta.ru. The comments from the interview were translated and revealed by Russian bitcoin news outlet Forklog. An....
U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that there could be potentially serious consequences if this market comes under stress.” Senator Warren Wants Quick Regulatory Response to Crypto Risks U.S. Senator Elizabeth Warren wrote a letter to Treasury Secretary Janet....