The government of Russia hangs onto claiming that payments in cryptocurrencies like Bitcoin (BTC) would ruin its financial system.

Dmitry Peskov, the official representative of Russian President Vladimir Putin, demanded that Russia has no motive to identify Bitcoin as legal tender.

The Kremlin representative claimed that tapping cryptocurrencies like Bitcoin in line with traditional cash instruments would take nothing but damages to the country’s financial and economic system.

Peskov reportedly declared that “Clearly, Russia is not ready for such moves,”

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