Russia Embraces Bitcoin – No Plans to Ban Cryptocurrencies

207
ADVERTISEMENTScreditx RoboRobo Dreamtime

Share with:


The Bank of Russia is not going to take measures to prohibit the use of Bitcoins, recently said deputy chairman Olga Skorobogatov at the Gaidar Forum, a unique intellectual platform and a meeting point for theorists and practitioners, the world leading scientists and politicians and influential representatives of global financial and business elites.

According to the Russian media Skorobogatov said that because Bitcoin is a private currency, it has become clear that the topic is not as simple as it comes across in many media. There are no plans to ban bitcoin any longer but rather try to legislate it more effectively. 

“Instead, we want to gain a better understanding of Bitcoin, and build a regulatory framework we have gathered the necessary knowledge,” he added.

“Prohibiting the use of bitcoins and other private currency is completely useless,” said a member of Alfa Bank,  Petr Aven, who sits on  the board of directors. Private currency does not stop, their use does not stop. How to make sure that they do not weaken the ruble, it is an entirely separate issue. But the ban – it is totally useless history ,” he added.” 

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo
  • RO

    An enlightened government would embrace decentralized currency as it makes for a more stable nation and stability keeps people from revolting. Destabilized currency, food, energy, housing etc. The irony is that many politicians are control freaks and the more control they get the worse their economies get and the less stable the country, which makes them want more control.