Head of Russia's largest bank: We need to legalize cryptocurrencies ASAP

posted 6 months ago
German Gref, the head of Sberbank, believes that Russia should pass laws that legalize cryptocurrencies as soon as possible.

According to Gref, Russian authorities should introduce cryptocurrencies as legal tender as he believes it is impossible to ban cryptocurrencies. He added that all recent legislative attempts to ban Bitcoin and other cryptocurrencies had already stopped.

Gref also reminded that the Central Bank is already trying to understand how to work with digital cryptocurrencies. Attempts to introduce bans will only lead to loosing to the competition, said the head of the financial institution.
Tags: opinion, bitcoin, news