Vladimir Putin says cryptocurrencies ‘bear high risks’ By Cointelegraph

Nov 30, 2021



On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism on the “Russian Calling” funding discussion board in Moscow. In accordance to native information outlet lenta.ru, the president made the next remarks, as translated by Cointelegraph:

Putin referred to as for the higher monitoring and regulation of cryptocurrencies and identified that sure nations worldwide are seeing vital adoption of digital currencies. At the moment, cryptocurrency regulation remains to be in its infancy in Russia. Though the federal government is contemplating the launch of a central financial institution digital forex, at the very least eight federal legal guidelines and 5 legislative codes have to be modified for the digital ruble to take impact.