Vladmir Putin held a meeting with the Central Bank of Russia to discuss the future of digital technology, in which he mentions:
As is known, virtual currencies, also known as cryptocurrencies, are becoming or have already become very popular; in certain countries they are becoming or have already become legal tender, as well as an investment asset.
We need – based on international experience – to build a regulatory environment that will make it possible to codify relations in this sphere, reliably protect the interests of citizens, businesses and the state and provide legal guarantees for using innovative financial instruments.
I would like once again to draw your attention to the need to use the advantages that are offered by new technological solutions in the banking sphere.
At the same time it is important not to create unnecessary barriers, of course, but rather to provide essential conditions for advancing and upgrading the national financial system.