http://cryptoconsumer.com/vladimir-putin-not-bitcoin-fan/ Vladimir Putin is apparently not a supporter of the worldwide cryptocurrency phenomenon. According to a presentation in Sochi reported by Bloomberg, the Russian president denounced the currency as a risky investment. Putin argued that the currency’s used in money laundering and drug trafficking schemes meant that it would continue to pose problems for Russia and other economies for the foreseeable future. He also called for regulations on the currency similar to the ones currently being mulled over in other countries. However, Putin stopped short of an outright ban on Bitcoin and other crytocurrencies, stating that there should be barriers to their usage but that they should not be excessive. This stance places him at odds with China, which has taken steps to ban cryptocurrency in recent months.
