No developed nation prohibits cryptocurrencies, telegram founder Pavel Durov warns Russia-regulation
No developed nation prohibits cryptocurrencies, telegram founder Pavel Durov warns Russia-regulation
Pavel Durov, founder of the Messaging app Telegram, criticized the Bank of Russia's proposal to ban a number of activities related to crypto. Such a step would suffocate the high-tech development and drive out blockchain specialists, says Durov.
Durov speaks against the Bank of Russia's push for a crypto ban from
The ban on cryptocurrencies proposed by the Russian Central Bank (CBR) will destroy a number of high-tech sectors and trigger a emigration from IT specialists, Pavel Durov, the man behind the Messenger Telegram popular in the crypto community. has predicted. The Russian entrepreneur also warned that restrictive politics would hinder blockchain development. In a telegram Post, said Durow:
No developed country prohibits cryptocurrencies. Reason: Such a ban will inevitably slow down the development of blockchain technologies in general. These technologies improve the efficiency and safety of many human activities, from finance to art.
Durov emphasized that solutions that are based on distributed main books and use cryptocurrencies as accounting units replace what he described as "the outdated centralized financial systems of the second half of the 20th century".
He pointed out that Russia's neighbors, from ukraine Usbekistan , step in the footsteps of the developed nations and say goodbye to progressive laws for the blockchain area, because they do not marginally and want to stand economic progress.
Last Thursday, the cbr
Russia is one of the leading providers in relation to the number of highly qualified specialists in the blockchain industry. "A well thought -out regulation will enable the country to compensate for the distribution of forces in the international financial system and become one of the main actors in the new economy," he said.
Durov admitted that every tax authority naturally wants to regulate the circulation of cryptocurrencies. However, he also warned that a complete prohibition, as recommended by the central bank of Russia, will probably not stop unscrupulous players while threatening to put an end to legitimate Russian crypto projects.
Do you agree to Pavel Durov's statements about the proposal of the Bank of Russia to ban crypto -related activities? Share your thoughts on this topic in the comment area below.
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