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Banning Bitcoin is Like Banning the Internet, Says Russia’s Finance Minister – CryptoPotato

Russia’s Financial Minister – Anton Siluanov – believes that banning cryptocurrencies is like banning the internet – equally impossible.
Russia is one of the countries where the regulatory status of Bitcoin and the overall cryptocurrency market remains dubious at best. However, it appears that Financial Minister Anton Siluanov doesn’t think banning them is an option that’s on the table.
The Central Bank wants to take and ban crypto-assets, cryptocurrencies, arguing that this creates risks, primarily for citizens, can “infect” financial institutions, banks, and create an opaque settlement market. This is the same as banning the Internet, which is impossible. – The minister argued.
Georgi Georgiev is CryptoPotato’s editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi’s passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn’t looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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