Russia is not ready to recognize cryptocurrencies – Kremlin

Russia is not

Russia is not ready to recognize bitcoin or other cryptocurrencies, because equating cryptocurrency with money would harm the country’s financial system, Dmitry Peskov, the press secretary of the Russian president, has said.

“It is certain that Russia is not ready for such steps. So far there is not the slightest reason to [recognize cryptocurrencies],” Peskov told reporters, dubbing bitcoin a quasi-currency.

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