The Minister of the Russian government, against the prohibition of cryptocurrencies, described cryptocurrencies as “an impossible technology to reject.”
Mikhail Abyzov, who was elected as the open government minister in 2012, stated that it is impossible to ban cryptocurrencies in an interview with RIA from local news sources.. During his speech, he said that he believes that a positive decision will be made about cryptocurrencies soon – apart from revealing the scenario that the development of the technology will harm the government.
During the interview, she showed a thought approach to regulations regarding cryptocurrencies.
“It is necessary to do the right thing in rejecting and banning, ensuring that revenues from cryptocurrencies are carefully regulated. I think we should recognize cryptocurrencies as financial instruments and treat them carefully.. This issue we focus on in this way does not destroy technology itself.”
The leader of E4 Group, one of the largest engineering companies in RussiaAbyzov strong> continued to advocate that cryptocurrencies and other applications of blockchain technology should be supported.
“I think Russia is big in the technology industry. has potential. This could potentially come in the form of a cryptocurrency or a different industry, financial or non-financial, which is hard to predict.. These initiatives need to be supported and developed.”
Overall, Abyzov is the last authority on the Russian government’s cryptocurrency trade to fully express its support for easing the atmosphere.. Before Abyzov, last week, Russian Finance Minister Anton Siluanov announced that there will be no ban on cryptocurrencies.
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