Russia’s President Vladimir Putin answered questions about the crypto world during the annual call-in television show.
When asked about the possibility of a new government backed cryptocurrency being developed in Russia, the President replied that “Russia could not have its own cryptocurrency by definition, similarly to any other country. Since it would mean going beyond the national boundaries.”
The President also believes that it is almost impossible to regulate cryptocurrency mining, both for Russia or anywhere else in the world.
“We have to look at this with utmost intricacy, carefully analyze and look out for how we can use this, to among other things, avoid curbing the financial sector.”
By Alex Savenko