Russian Prime Minister Mikhail Vladimirovich Mishustin has spoken out on cryptocurrency and Bitcoin mining in the country, according to a report by RT. On the other hand, in another part of the world, the European Union has accepted a fifth set of restrictive measures against Russia, according to official documents.
Russia is still against crypto payments
Russia is making headlines these days with its continued aggression against Ukraine, which recently launched an NFT museum. However, according to the report From RT, the nation’s Prime Minister has broken his silence regarding cryptocurrencies confirming that the nation is still against the idea of using cryptocurrencies for payments.
On the other hand, the possibilities for Bitcoin mining in Russia are still high, but the infrastructure for this development is yet to be discussed. It is also important to note that Deputy Energy Minister Evgeny Grabchak had recently called on authorities to approve Bitcoin mining in the country.
We are against the recognition of cryptocurrency as a means of payment or currency,” Mishustin said, adding, “We also believe that to stimulate investment, mainly in fixed assets, we can discuss mining issues, which include the creation of data centers. and related infrastructure.
EU bans crypto services
According to a recent turn of events, the European Commission decided “to adopt the fifth package of restrictive measures against the Putin regime in response to its brutal aggression against Ukraine and its people”. The Council’s official statement confirmed “a ban on supplying high-value crypto-asset services to Russia. This will help fill in any potential gaps.
The EU also introduced a comprehensive transaction ban and asset freeze on four major banks in Russia, which account for a 23% share of the Russian market. In addition, the EU also banned coal imports and “a complete ban on Russian and Belarusian freight road operators working in the EU”.