Putin: Russia Has ‘Advantages’ In Bitcoin Mining Today

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Russian President Vladimir Putin on Wednesday said the country has distinctive characteristics that allow it to benefit from bitcoin mining while its central bank last week called for a complete ban of the activity in the country as it worries cryptocurrencies could pose risks to its citizens.

Putin also asked the Bank of Russia to reach a consensus with the country’s Ministry of Finance, who on Tuesday discouraged a complete prohibition of bitcoin trading and mining in the country, citing how such a move could hurt Russia’s ability to compete in the technology sector.