Yesterday, Russian President Vladimir Putin bitcoin and to cryptocurrency mining His statements on the subject fell like a bomb on the agenda and made the investors happy.
Putin, who wanted the Central Bank of Russia, which wants to ban cryptocurrencies and crypto money mining, and the Ministry of Finance, which wants to regulate them, to meet at a common point, stated that Russia has an advantage in crypto currency mining.
According to the news Bloomberg recently shared and citing three sources close to Putin, Putin completely rejects proposals to ban cryptocurrencies.
Accordingly, Putin supports the government’s efforts to regulate and tax cryptocurrencies.
“President Vladimir Putin supports the Russian government’s proposal to tax and regulate cryptocurrency mining, rejecting the central bank’s proposal to ban cryptocurrency entirely.”
Putin’s View of Crypto
Putin is not a statesman who is biased towards cryptocurrencies.
Because, in a speech he made on October 14, he stated that he believes that cryptocurrencies have a value, but it is too early to say that they will replace the dollar.
Russia is in a very advantageous position in terms of cryptocurrency mining, both because it is cold (it is easy to fix the heating problem of the devices) and because of its abundant energy resources.
*Not Investment Advice.