Peskov: Russia is unequivocally not ready to recognise Bitcoin as a means of payment

Recognising Bitcoin as a means of payment in Russia would only harm the financial system, said Dmitry Peskov, the spokesperson for the Russian president. This was reported by RIA Novosti.

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He called Bitcoin a \”quasi-currency\” and said that Russia is \”undoubtedly not ready\” to recognise the first cryptocurrency as a means of payment.

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\”There is not the slightest reason to take such steps,\” Peskov said.

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He said that de facto equating cryptocurrency with monetary instruments \”can bring nothing but harm to the financial and economic system.\”

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Earlier, the Bank of Russia called it unlikely that countries with large economies would follow El Salvador’s path, where the first cryptocurrency was recognised as an official means of payment.

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On 7 September in El Salvador, the law took effect recognizing Bitcoin as a legal means of payment.

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