Russian minister of communications: It's unlikely that we will legalize Bitcoin

posted 12 months ago
The Russian minister of communications and mass media said yesterday that the country will not consider the legalization of digital currencies like Bitcoin.

According to state-owned news service TASS, Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider Bitcoin as a legal entity in the jurisdiction of the Russian Federation."

However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens.
Tags: opinion, bitcoin