“No one is looking to allow Russian people to earn money with crypto operations,” the official claimed.
Despite Russian officials’ increased interest in cryptocurrencies like Bitcoin (BTC), Russia’s internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive.Dmitry Marinichev, Russia’s ombudsman for the protection of entrepreneurs’ rights under Russian President Vladimir Putin, discussed Russia’s approach to cryptocurrency regulations at a panel of a major local industry event, Blockchain Life 2021, on Wednesday.Russia will continue to take a restrictive stance on crypto because the Russian government doesn’t want Russian people making money with Bitcoin, Marinichev said:“I’m sure that Russian crypto policies will always be prohibitive because no one is looking to allow Russian people to earn money with crypto operations and no one will ever authorize them to proceed
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