"It is important not to create unnecessary barriers..."
I posted yesterday about the Russian central bank banning cryptocurrency exchanges, but as I guessed it seems that this could only be a temporary measure...
Today, the news from Russia is that Vladimir Putin held a meeting to discuss cryptocurrency. In an article titled: "Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies" that appeared on news.bitcoin.com, there seems to be a more positive outlook. The key quote from Putin being this one:
"It is important not to create unnecessary barriers, of course, but rather to provide essential conditions for advancing and upgrading the national financial system."
I think this is a clear sign that while there may currently be a ban in place, Russia is keen do move forward with blockchain technology. First Deputy Prime Minister Igor Shuvalov is also quoted as saying:
“it is not an overstatement to say that the president is passionately fond of it.”
So it is looking more like a China-style ban at the moment, and It will be interesting to see how this one plays out in the weeks to come.
Thanks for viewing!
Full article is available here: https://news.bitcoin.com/putin-central-bank-unnecessary-barriers-cryptocurrencies/
Meanwhile in Ukraine...
Updated
According to an article published by @cryptoindex here, Ukraine is taking steps to completely legalize Cryptocurrency. So be sure to check that post out too!
For more crypto news, check out https://news.cryptocanuck.com
It would be funny if in the end crypto was legal in Russia and not so in US. Let's see what the future holds.
Haha! Yeah that would be a strange turn of events. :-D
Ukraine is planning to fully legalize crypto according to an article I just found by @cryptoindex. (I'm going to add a link to that too).
Keeping an eye on Putin is for sure a wise activity. For one man he has a whopping amount of influence. Thank you for the article.
I also believe that Russia is the next big market hub for cryptocurrencies. It's great that we are getting some good news from this region. If they make the onboarding easy and accessible for Russian citizens, we can look forward to a great number of new users in the crypto space from this region :)
Putin is just a straight G.
My favorite president, always making the hard but right decisions.
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