RATE Group | Countries cannot have their own cryptocurrencies according to Putin
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Countries cannot have their own cryptocurrencies according to Putin

01 May Countries cannot have their own cryptocurrencies according to Putin

Posted at 01:09h in Cryptocurrency News by

  • Russian President Vladimir Putin recently negated the possibility of a Russian national cryptocurrency. 
  • He said that no country can have its own cryptocurrency as they ought to operate without national borders.

In a recent interview, Russian President Vladimir Putin said that countries cannot have their own cryptocurrencies as they ought to operate beyond national borders. He said this in response when asked if there is a possibility of a Russian National cryptocurrency. Discussing Russia’s legal status on crypto, Wikipedia’s official page reads:

As of November 2016, bitcoins are “not illegal” according to the Federal Tax Service of Russia.[49] Deputy Finance Minister of the Russian Federation Alexei Moiseev said in September 2017 it’s “probably illegal” to accept cryptocurrency payments.[50] However, bitcoin market sites are blocked, and court decisions state that bitcoin is a currency surrogate which is outlawed in the territory of the…

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