Telegram CEO about crypto The ban on cryptocurrencies propose | t9gram — all about Telegram

Telegram CEO about crypto

The ban on cryptocurrencies proposed by the Central Bank of Russia will lead to an outflow of IT specialists from the country and destroy a number of sectors of the high-tech economy.

No developed country bans cryptocurrencies. Reason: such a ban will inevitably slow down the development of blockchain technologies in general. These technologies improve the efficiency and safety of many human activities, from finance to the arts.

Solutions based on distributed ledgers, using cryptocurrencies as units of calculation, are replacing the obsolete centralized financial systems of the second half of the 20th century.

Russia's neighbors, from Ukraine to Uzbekistan, following developed countries, adopt progressive laws in the field of blockchain. These states do not want to be left on the sidelines of technological and economic progress.

Russia today is one of the leaders in terms of the number of highly qualified specialists in the blockchain industry. Thoughtful regulation will allow the country to balance the distribution of forces in the international financial system and become one of the major players in the new economy.

The desire to regulate the circulation of cryptocurrencies is natural on the part of any financial authority. However, while recommending a total ban on cryptocurrencies, the Central Bank of the Russian Federation proposes to throw out the baby with water. Such a ban is unlikely to stop unscrupulous players, but it will put an end to legal Russian projects in this area.