Putin In Favor Of Bitcoin Mining, Opposes Crypto Ban Proposal
President Vladimir Putin argued in favor of bitcoin mining citing the competitive advantages it brings for the country, thus opposing the crypto mining ban recently proposed by the Central Bank following the pressure from Russia’s Federal Security Service. The Crypto Ban The Central Bank of Russia has flirted with the possibility of a crackdown on […]
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In a show of force against the implementation of Ethereum Improvement Proposal (EIP) 1559, on April 1, Ethereum miners plan to direct their hashing power to the Ethermine mining pool, which opposes the proposal. The coordinated action will last 51 hours, signifying their intent to harness more than 51% of the network’s hash rate. During […]
The Russian President is reportedly in favor of a welcoming regulation for bitcoin miners despite the Bank of Russia’s ban recommendations.
Putin also asked the central bank and the government to come to a consensus on bitcoin regulation.
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination.
Putin Asks Ministers and Bankers to Report Back With Consensus on Cryptocurrencies
Russian President Vladimir Putin has added his comments to the ongoing discussion on how to put Russia’s growing crypto space in order. At the start of a video conference with the members of the Russian government,....
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.....