Speaking at the state-owned TV channel Russia 1, the country’s finance minister Anton Siluanov has stated that bitcoin will not replace ruble for internal settlements.
The head of Russia’s Central Bank Elvira Nabiullina strongly dismissed the proposal to legalize cryptocurrencies voiced by an unnamed entrepreneur at the meeting with the Russian president.
Russia’s business ombudsman Boris Titov offered Elvira Nabiullina, the chairwoman of the country’s central bank, to use Japan’s experience in cryptocurrency regulation.
According to Boris Titov, the chairman of Russia’s Partiya Rosta (‘the Party of Growth’) and Russia’s business ombudsman, the network community titled People of Growth is set to unite entrepreneurs, self-employed individuals, young people and minor officials to raise funds for their business projects and make cryptocurrency investment.
Russian â€śPartiya Rostaâ€ť (Party of Growth) will use blockchain and neural networks to combat election fraud and falsifications.
Boris Titov, the Presidential Commissioner for Entrepreneurs’ Rights in Russia, insists his country should take advantages of the struggling economic situation in the country by becoming one of the leading nations in the blockchain space.