Market news | Putin asked to report the results of the discussion on cryptocurrencies, the Russian Federation has a competitive advantage in the field of mining

I am familiar with the discussion that is going on in this regard, we are dealing with these issues and regulating these issuesCentral Bank of the Russian Federation,” Putin said.

Putin instructed the government and the Central Bank to come to a consensus on the regulation of cryptocurrencies and report on the results.

“I asked both the Russian government and the Central Bank during the discussioncome to some consensusand would ask you to hold this discussion in the near future, and thenreport those resultsthat will be achieved in the course of this discussion”

- President Putin

The Central Bank has its own position on cryptocurrencies.

“The Central Bank does not stand in our way of technological progress and itself makes the necessary efforts to introduce the latest technologies in this area of ​​activity”

“As for cryptocurrencies, the Central Bank has its own position,it is connected with the fact that, according to the experts of the Central Bank, the expansion of this type of activity carries certain risks, and above all for the citizens of the country”

Russia has a competitive advantage in the field of cryptocurrency mining.

“Of course, we also have certain competitive advantages here, especially in the so-called mining, I mean a surplus of electricity and well-trained personnel available in the country”