No, Crypto Payments Won’t Ruin Russia’s Financial System, Key Players Say

Cointelegraph

Published Aug 20, 2020 03:33PM ET

Updated Aug 20, 2020 05:20PM ET

As Russia is about to officially ban crypto payments within its borders starting on Jan. 1, 2021, Cointelegraph tracked down some senior executives in the crypto industry to talk about the implications of such a ban.

Russia’s primary crypto opponent is Anatoly Aksakov, a member of the State Duma and a key architect of Russia’s crypto ban. In mid-August, Aksakov argued that legalizing crypto payments basically “means the destruction of a financial system.”

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