Russia’s appetite for Bitcoin has been overblown by the media, the head of Russian bank VTB International Riccardo Orcel said Tuesday.
Russia plans to introduce limitations to the maximum amount of purchased cryptocurrencies.
In the latest twist of events, Russian government claimed it intends to “head and legally regulate” issuance and turnover of cryptocurrencies.
Russia’s president Vladimir Putin has stated that introduction of digital technologies in finance shall be subject to a thorough discussion to avoid cryptocurrency-related risks.
According to the first deputy chairman of Russia’s Central Bank Sergei Shvetsov, Russia will ban websites that offer cryptocurrency trading. He noted that the regulator’s stance towards cryptocurrencies and their derivatives was negative.
Elvira Nabiullina, the head of Russia’s Central Bank, has once again spoken against legalization of cryptocurrencies in Russia, however, she conceded that they could create a national digital currency based on blockchain technology.
Russian Mining Center, a holding co-founded by a company owned by Russian internet ombudsman Dmitry Marinichev, has raised $43.2 million over an ICO, thus setting a new record amount raised by a local company.
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.