Putin pumps the brakes on Russian Central Bank's push to ban crypto, sees future in mining

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Putin pumps the brakes on Russian Central Bank's push to ban crypto, sees future in mining
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ICYMI: Putin pumps the brakes on Russian Central Bank’s push to ban crypto, sees future in mining

Russian President Vladimir Putin is not totally on board with the Central Bank of Russia's recent call to ban cryptocurrency in the country.officials in his government to hold talks, including the central bank, on the subject of cryptocurrencies. While he acknowledged"certain risks, first and foremost to citizens of the country, given significant volatility," he directed his agencies not to neglect the advantages that Russia has in the area.

"We also have here certain competitive advantages, especially in so-called crypto-mining. I mean surplus in electricity and well-trained teams present in the country," said Putin.

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