Someone in the Kremlin doesn’t want a Ban on Cryptocurrencies

 

Mikhail Abyzov Net Worth

Russian Official Mikhail Abyzov believes cryptocurrencies shouldn’t be banned, calling the technology “impossible to ignore.”

In a recent interview he was quoted as saying, “It is necessary to move from a policy of denial and prohibition to a very accurate, thoughtful state regulation of the turnover of crypto-currencies. I think we should officially recognize them as a financial tool and properly handle it carefully so that excessive pressure does not destroy the technology itself.”

Abyzov who was appointed in 2012 as Minister for Open Government,  went on to argue that development around the tech should be supported, whether it involves the development of cryptocurrency or other applications of blockchain.

“I think that the Russian technology sector has such a potential. It will be implemented in the format of creating a cryptor, or other new technologies of the financial or non-financial sector – it is difficult to predict. But it is necessary to support and develop such initiatives,” he was quoted

 

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