In a first meeting ever dedicated exclusively to cryptocurrencies, Russian president Vladimir Putin was quoted saying:
"Virtual [currencies] or cryptocurrencies are becoming and have already become more popular. They have already become or are turning into a full-fledged payment instrument and an investment asset in certain countries. At the same time, use of cryptocurrencies also carries serious risks."
The position was clear towards a stricter regulation framework. It's interesting to note that this statement comes after another very sharp statement by the state bank of Russia, by its governor, Sergei Shvetsov, who said that the bank will back efforts to block access to external websites which are selling cryptocurrencies in Russia.
This may mean any of the following:
- the volume of value in crypto is becoming alarming for the existing aparatchiki and they really intend to block access all over
- they will block access only until some of their own business entities will hold a substantial amount of crypto, which will give them some sort of upper hand
- nothing will really happen, because crypto can't be really stopped
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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