Putin on Bitcoin and other cryptocurrencies: Russia is leading the technological charge

Putin on Bitcoin and other cryptocurrencies: Russia is leading the technological charge “Well, I believe already today Russia is one of the world leaders in terms of the mining of cryptocurrencies and Bitcoins,” Russian President Vladimir Putin said, speaking at the Eastern Economic Forum’s plenary session on Thursday. “As for digital currencies and digital rubles specifically, the decision is already taken by the Central Bank of Russia and right now we are simply ramping up those volumes,” Putin said, referring to Russia’s central bank digital currency (CBDC) initiative, pilot testing of which began in 2023. Cross-border CBDC payments are expected to begin in 2025. Subscribe to [club80289214|@SputnikInt] Source: Sputnik International