Скачать или смотреть Putin Calls for Consensus in Crypto Regulation after Central Bank’s Push to Ban on Mining

Admitting the volatility of cryptos and certain risks associated with it, Putin also highlighted the advantages that Russia can get if proper crypto regulation is introduced. In particular, crypto mining could bring good revenue to the country. Notably, last year, Russia became the third-largest source of Bitcoin (BTC) hash rate, following the US and Kazakhstan.

Putin said:

“We also have here certain competitive advantages, especially in so-called crypto-mining. I mean surplus in electricity and well-trained teams present in the country.”

“The Bank of Russia deals with these issues and regulates them. The central bank is not standing in the way of regulatory progress and is itself making the necessary efforts to introduce new technologies into this sphere of activity,” added he.

Russian Finance Minister Ivan Chebeskov called for regulation rather than restriction as well. Yesterday, he explained that a ban on cryptos would lead to falling behind the worldwide tech industry.

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