{"id":398335,"date":"2022-01-24T08:44:26","date_gmt":"2022-01-24T05:44:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-tech-and-political-executives-denounce-crypto-ban-proposal\/"},"modified":"2022-01-24T08:44:26","modified_gmt":"2022-01-24T05:44:26","slug":"russian-tech-and-political-executives-denounce-crypto-ban-proposal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-tech-and-political-executives-denounce-crypto-ban-proposal\/","title":{"rendered":"# Russian tech and political executives denounce crypto ban proposal"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28ce5071cc8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28ce5071cc8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-tech-and-political-executives-denounce-crypto-ban-proposal\/#Leonid_Volkov_banning_crypto_is_%E2%80%9Cimpossible%E2%80%9D\" >Leonid Volkov: banning crypto is \u201cimpossible\u201d<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Russian tech and political executives denounce crypto ban proposal <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvYTE3MmMwNDMtYjFjNS00M2IzLThjNjgtM2VmMmU1NThmMGFhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Russia\u2019s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny\u2019s chief of staff Leonid Volkov, and Telegram founder Pavel Durov. <\/p>\n<p>On Jan. 20, Russia\u2019s Central Bank published a report proposing a blanket ban on domestic crypto trading and mining. The report stated that the risks of crypto are \u201cmuch higher for emerging markets, including Russia.\u201d <\/p>\n<p>However, it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that this proposed ban isn\u2019t universally accepted in the former Soviet Union. A Jan. 22 post by the Telegram founder, Pavel Durov <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/durov_russia\/38\">stated<\/a>\u00a0that the proposed ban on crypto would \u201cdestroy a number of sectors of the high-tech economy.\u201d He added:<\/p>\n<blockquote><p>\u201cSuch a ban will inevitably slow down the development of blockchain technologies in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>. These technologies improve the efficiency and safety of many human activities, from finance to the arts.\u201d<\/p><\/blockquote>\n<p>While Durov conceded that the \u201cdesire to regulate the circulation of cryptocurrencies is natural on the part of any financial authority,\u201d he concluded that \u201csuch a ban is unlikely to stop unscrupulous players, but it will put an end to legal Russian projects in this area.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Leonid_Volkov_banning_crypto_is_%E2%80%9Cimpossible%E2%80%9D\"><\/span>Leonid Volkov: banning crypto is \u201cimpossible\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Meanwhile, in a Telegram <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/leonid_volkov\/2987\">post<\/a> on Jan 20. Volkov, who is the chief of staff for Alexei Navalny, wrote that the ban would be like \u201ccalling a spade a spade.\u201d<\/p>\n<p>Navalny is an opposition leader in Russia and founder of The Anti-Corruption Foundation (FBK). In August 2020, he was poisoned with the nerve agent Novichok. After recovering in Germany, he returned to Russia in January 2021 where he was arrested and has remained imprisoned since. <\/p>\n<p>In his announcement, Volkov referenced a Jan. 20 report by Bloomberg. It claimed that Russia&#8217;s Federal Security Service (FSB) was instrumental in advancing the ban because crypto can be used to finance &#8220;non-systemic opposition and extremist organizations.&#8221; <\/p>\n<p>He went on to add that he was \u201csure that the Bloomberg version, in this case, is 100% close to reality, but nothing will happen\u201d because Russians are more likely to use crypto to buy drugs rather than donate it to the Moscow-based non-profit FBK. <\/p>\n<blockquote><p>\u201cTechnically, banning cryptocurrency is the same as banning person-to-person transfers (i.e. it\u2019s impossible)&#8230; Yes, they can make it very difficult to deposit funds on crypto exchanges, which means that inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ry services will simply appear that will do this through foreign jurisdictions. Yes, transaction costs will rise. Well, that&#8217;s all, I guess.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bank of Russia governor: Banning crypto in Russia is &#8216;quite doable&#8217;<\/em><\/strong><\/p>\n<p>Many of Russia\u2019s neighbors have also taken a hard-line stance on crypto. On Jan. 19, citizens in neighboring country Georgia were made to swear an oath to cease mining crypto. The governments of Kosovo and Kazakhstan, have also recently been added to the list of countries that have banned crypto mining. <\/p>\n<p>Perhaps one exception is Russia\u2019s neighbor Ukraine, which passed a number of laws to facilitate the country\u2019s adoption of cryptocurrencies in September 2021.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/russian-tech-and-political-executives-denounce-crypto-ban-proposal\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Russian tech and political executives denounce crypto ban proposal &#8221; Russia\u2019s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny\u2019s chief of staff Leonid Volkov, and Telegram founder Pavel Durov. On Jan. 20, Russia\u2019s Central Bank published a report proposing a blanket ban on domestic crypto trading&#8230;<\/p>\n","protected":false},"author":1,"featured_media":398336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvYTE3MmMwNDMtYjFjNS00M2IzLThjNjgtM2VmMmU1NThmMGFhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75581,76308,70934,4975],"class_list":["post-398335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bank-of-russia","tag-ban","tag-regulation","tag-russia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/398335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=398335"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/398335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/398336"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=398335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=398335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=398335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}