The ban of the Central Bank of Russia on the issuance, mining and circulation of cryptocurrencies in the country will entail an outflow of IT specialists from the Russian Federation and the destruction of some sectors of the high-tech economy. This opinion was expressed by the founder of Telegram Pavel Durov in his channel in the messenger.
In his opinion, no developed country prohibits cryptocurrencies. Such a ban inevitably hinders the development of blockchain technologies in general, which increase the efficiency and security of many types of human activity, Durov stressed.
The Telegram founder also added that thoughtful regulation of cryptocurrency turnover in the country will allow balancing the distribution of forces in the international financial system. Durov believes that a total ban on cryptocurrencies is unlikely to stop unscrupulous players, but will put an end to legal Russian projects in this area.
Recall that on January 20, the Central Bank of Russia proposed to ban the issuance, mining and circulation of cryptocurrencies. According to the regulator, cryptocurrencies are in many ways similar to financial pyramids.