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News Link • Russia

Putin Supports Crypto Currencies - His Central Bankers Do Not

•, John Driscoll

Imagine my shock: the head of Russia's central bank, Elvira Nabuilliana, has expressed doubt that Russia should legalize cryptocurrencies.

Nabuilliana, dubbed "Putin's right-hand woman" in an article in the Economist last April, suggested to the 15th International Banking Forum in Sochi last week that the future of cryptocurrencies is uncertain in Russia, especially after the news that China was banning ICO's. Her deputy governor, Dmitry Skobelkin said that "China doesn't recognize cryptocurrency as payment and forbids ICOs," according to Bloomberg.

Conveniently left out is the fact that China has not banned cryptocurrency outright, but merely banned new ones. Projects such as NEO still exist and cooperate with the Chinese government.

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