Like Switzerland, Russia is one of the countries that showed interest in blockchain technology relatively early on. Digital currencies such as Bitcoin were also \u201cunder discussion\u201d on the state side, as cryptocurrencies were seen as a possible way to circumvent political sanctions from abroad. And that’s not all: Some time ago, there were reports that, among other things, the central bank of the huge country was considering what advantages its own token \u2013 often referred to in the media as the crypto-ruble \u2013 could offer. On the citizen’s side, it is, as expected, mainly the younger generation that is dealing with the topic. As far as the state token is concerned, there were several supporters of possible measures by the state. So Bitcoin and Russia go well together. <\/p>\n
This included, for example, a former energy minister of the country, who spoke out in interviews in favor of introducing a stablecoin linked to the oil price. Statements by the Russian Central Bank Governor Elvira Nabiullina also followed as early as May of this year. Russia’s currency guardian did not express any aversion to plans for a state coin. However, these own considerations reflect the position of politics and the Kremlin towards cryptocurrencies (especially Bitcoin). President Putin, for example, has repeatedly called for clear and up-to-date regulation of the rapidly growing industry in recent years. The central bank sees a large number of application examples. However, the government has a difficult relationship with decentralized digital currencies, despite the interest of the population, the numerous miners and blockchain companies in the country. <\/p>\n