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Wednesday, October 11, 2017

Crypto News: Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies

Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies

Russia’s president Vladimir Putin held a meeting “on the use of digital technology in finance and the implementation of innovative financial tools” on Tuesday, according to the Kremlin’s website. The meeting was attended by Presidential Aide Andrei Belousov, Finance Minister Anton Siluanov, Central Bank Governor Elvira Nabiullina, Central Bank Deputy Governor Olga Skorobogatova and Qiwi CEO Sergei Solonin.

“Today, I propose addressing a topic that is relevant not only for our country, not only for Russia, but is probably becoming relevant also for the rest of the world,” Putin addressed his colleagues. "I am referring to introducing digital technology in the financial, banking sphere, and using innovative financial instruments."

The head of state suggested that they discussed the use of cryptocurrencies, "taking into account all the various components of the problem," Tass summarized.

Before the meeting started, the president of Russia gave a brief introduction on cryptocurrencies. “As is known, virtual currencies, also known as cryptocurrencies, are becoming or have already become very popular,” he began. “In certain countries, they are becoming or have already become legal tender, as well as an investment asset,” Putin continued, adding that:

“I would like to draw your attention to the need to use the advantages that are offered by new technological solutions in the banking sphere.

Full story at

Source: Bitcoin News

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