On Tuesday, Vladimir Putin, President of the Russian Federation has expressed his criticism at the “Russian Calling” investment forum in Moscow, saying that cryptocurrencies ‘High risk’
“The volatility is enormous. So its risk is very high. We also believe we need to listen to those who talk about those high risks.”
Putin also called for monitoring and control. And it points out that some countries around the world are seeing significant adoption of cryptocurrencies. Currently, the regulation of cryptocurrencies is still in its infancy in Russia. Although the government considers the introduction of a digital central bank currency. But at least eight federal laws and five codes must be changed in order to The “digital ruble” comes into force.
In addition, the country has no regulations on mining. cryptocurrency Some claim that $2 billion in crypto mining revenue is generated every year in Russia. but no tax is paid Due to the lack of regulatory framework, while the use of cryptocurrency has risen among ordinary Russians with more than $5 billion in transactions each year.
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