Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says
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....
Related News
The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. Amid El Salvador officially accepting Bitcoin (BTC) as legal tender on Tuesday, Sept. 7, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency.Dmitry Peskov, the official representative of Russian President Vladimir Putin, claimed that Russia has no reason to recognize Bitcoin as legal tender, local news agency RIA Novosti reported on Tuesday.The Kremlin representative argued that putting....
Dmitry Peskov, the acting press secretary for Russian President Vladimir Putin, said Friday that Russia has no reason to recognize Bitcoin.
Binance blocked the account of the Kremlin spokesman's daughter when she tried to use the exchange following the economic sanctions imposed upon Russia. Binance cryptocurrency exchange is adopting more measures to prevent the Russian government from mitigating the impact of sanctions through the use of crypto.Binance has shut down several accounts tied to relatives of senior Kremlin officials over the past two months since Russia began military action in Ukraine, Bloomberg reported on Thursday.According to the report, the affected persons included Elizaveta Peskova, the daughter of Russian....
Russian President Vladimir Putin recently mentioned that bitcoin and other cryptocurrencies can be used as a potential unit for calculation. This was taken by some digital currency enthusiasts as a sign that Russia is starting to embrance bitcoin, but Kremlin spokesman Dmitry Peskov clarified that this statement shouldn't be interpreted as approval. In an educational youth forum in the Vladimir region, Putin also mentioned that there are still some real, serious, fundamental problems relating to bitcoin and cryptocurrencies since these are "not really tied to anything and are in no way....
It is impossible to stop the Bitcoin movement, that much has become evident. Excluding Bitcoin from Russia would do more harm than good in the long run. Russia has always had an unusual relationship with Bitcoin and cryptocurrency. It has been unclear how the situation will evolve for quite some time now. A new statement by the Bank of Russia hints at no further action being taken against the usage of Bitcoin. Another positive sign for Bitcoin on a global scale, although this does not mean cryptocurrency is legal in Russia all of a sudden. People have to keep in mind this statement does....