Russia admits blanket ban on digital currency ‘not worth implementing’

In case you need more proof that Russia is becoming a softy towards digital currency, Russian Finance Minister Alexei Moiseev himself has already acknowledged that imposing a blanket ban on cryptocurrency in the country is unlikely.

For years, authorities in Russia—the finance ministry, in particular—have been adamantly pushing to outlaw the use and trade of bitcoin in the country. But several weeks ago, reports surfaced that Russian officials are now seeking to abandon the idea of punishing people caught involved in bitcoin operations in the country.

Then last week, Moiseev told reporters in Russia that the legislation they are working on has a high possibility of being altered.

“The legislation is ready, but we will not rush it through and it is likely to be altered. I now want to hold meetings with experts and once again consider our options. Given the development of technology, any blanket ban is probably not worth implementing,” Moiseev said, according to Sputnik News.