The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies.
Russian Crypto Businesses Want Putin to Engage With Regulatory Process
The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib) has called on President of Russia Vladimir Putin to back the crypto community in shaping the country’s regulatory framework for cryptocurrencies and related technologies.
Trending: SHE WILL LEAVE YOU SPEECHLESS! Michigan’s New GOP Chair Kristina Karamo Gives Brilliant History Lesson to Leftist Media Activists on Gun Control in EPIC Press Conference [VIDEO]
In a letter to the Russian head of state, its members warn that the government’s attitude towards digital asset regulation poses “serious risks of the economy lagging behind in the introduction of new financial technologies,” crypto news outlets Bits.media and RBC Crypto reported.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!