Putin Backs Cryptocurrency Rules and Warns of ‘Serious Risks’
- Leader, top finance officials hold first meeting on issue
- Central bank, Finance Ministry differ on approach to rules
Five Reasons 'Bitcoin Jesus' Loves the Digital Currency
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President Vladimir Putin called for regulation of cryptocurrencies but stopped short of backing a broad ban as a debate rages over how Russia should handle the increasingly popular financial instruments.
“The use of cryptocurrencies bears serious risks,” including money laundering, tax evasion and funding for terrorism, Putin told a meeting of top finance officials including Bank of Russia Governor Elvira Nabiullina, Finance Minister Anton Siluanov and Kremlin economic aide, Andrey Belousov, in Sochi Tuesday.