NEWS

Vladimir Putin “Crypto has the right to exist and can be used as a means of payment”

Russian President Vladimir Putin signaled tolerance of cryptocurrencies, which are drawing increasing scrutiny from regulators around the world amid fears they can be used for money laundering and criminal activity. 

Cryptocurrency “has the right to exist and can be used as a means of payment,” Putin said in an interview with CNBC that was posted on the Kremlin’s website Thursday. Still, he cautioned it was too soon to talk about using digital currencies for trading oil and other commodities that form the bulk of Russia’s exports. 

The Bank of Russia has repeatedly warned investors that the crypto market is extremely volatile, and digital currencies are not allowed to be used as a method of payment domestically

Read full interview here

Request inventory & stock List
Get the weekly Minerset price inventory availability

More news

Try our Crypto Mining profit calculator

Minerset official crypto mining profit calculator. Get an instant overview of your daily and monthly profit with our free mining profit calculator.