Not long ago, we have discussed about some of the countries that have banned digital currencies like Bitcoin, and Russia was among the list. Regardless of the fact that Bitcoin trading is sprouting there, the law says that any currency other than the country’s traditional one and the internationally accepted ones are illegal within the borders of Russia.
However, the Russian President Vladimir Putin has just made his first remarks on digital currencies. He went ahead and told the nation that while the digital currency technology may be difficult to adopt, it cannot be dismissed completely. Apart from praising Russia’s national bank for banning digital currencies immediately, Putin has outlined a couple of issues that Bitcoin has, including the idea that it is backed by nothing. While this is true, Bitcoin has proven itself to be influenced by certain international events, but to be a stable currency overall, which is great news!