Russian central bank ‘short-sighted’ regarding crypto, lawmaker says

Cointelegraph

Published Jun 15, 2021 07:03AM ET

Updated Jun 15, 2021 08:40AM ET

A Russian State Duma member has blasted the central bank’s tough stance on the cryptocurrency industry for ignoring the growing demand for crypto in the country.

Fedot Tumusov, a member of the “A Just Russia” party representing the Siberian region of Yakutsk, has criticized the Bank of Russia’s approach to regulating the crypto industry following a Tuesday plenary meeting of the State Duma.

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