Russia's crypto ban proposal can drive away the country's technical talent, says Parel Durov von Telegram
Russia's crypto ban proposal can drive away the country's technical talent, says Parel Durov von Telegram
- The Telegram founder said that a ban on crypto would slow down the development of blockchain technologies in the country.
- Russia's opposition leader Alexei Nawalny shared his view and said it was "impossible" to ban crypto.
Last week, the Russian central bank suggested a ban on cryptocurrencies similar to China in its latest report entitled "Cryptocurrencies: Trends, Risks, Measures". The central bank described the growth of the cryptom market as a speculative bubble and said that digital assets have the properties of a financial pyramid.
The best tech talents in the country and even some political managers do not match the central bank's views. Telegram founder Parel Durov came to the fore and said that a crypto ban would strongly discourage the country's tech talents. In a telegram post he wrote:
Such a ban will inevitably slow down the development of blockchain technologies. These technologies improve the efficiency and safety of many human activities, from finance to art.
The desire to regulate the circulation of cryptocurrencies is a matter of course for every tax authority. However, it is unlikely that such a ban will stop unscrupulous players, but legal Russian projects will put an end in this area.
Russia has changed its views in recent years, since the country is still unclear with regard to the crypto regulatory rules. Now the central bank will probably continue the talks with the Russian government about the proposed crypto ban.
Russian opposition: Crypto ban is impossible
Russia's opposition leader and founder of the anti-corruption foundation (FBK)-Alexej Nawalny-has again spoken out. Last week Nawalny's chief of staff Leonid Volkov said in a telegram contribution that the crypto ban was "called things by name".
Nawalny returned to Russia in January 2021 after being poisoned in August 2020 and later recovered in Germany. Since then, Nawalny has been detained by the Russian government. In the last Telegram post, Volkov wrote:
In addition, Volkov also referred to a report by Bloomberg on January 20. It was claimed that the Russian Federal Security Service (FSB) had contributed significantly to the crypto ban. The FSB believes that crypto can be used to finance "non-systemic opposition and extremist organizations".
Volkov also added that "it is certain that the Bloomberg version is 100 % realistic in this case, but nothing will happen" because Russians use crypto to buy drugs than to donate FBK ".
But it is not just Russia that suggests a crypto ban. Some of his neighbors have also spoken out for this step recently.
Source: Crypto-news-flash.com
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