Coindesk Logo

Timeline: Putin Adds to Bitcoin's Rocky History in Russia

Timeline: Putin Adds to Bitcoin's Rocky History in Russia

Timeline: Putin Adds to Bitcoin's Rocky History in Russia

Following Vladimir Putin's first remarks on digital currencies, check out our refresher on the tumultuous history of Russia and bitcoin.

Following Vladimir Putin's first remarks on digital currencies, check out our refresher on the tumultuous history of Russia and bitcoin.

Following Vladimir Putin's first remarks on digital currencies, check out our refresher on the tumultuous history of Russia and bitcoin.

AccessTimeIconJul 15, 2015, 5:01 PM
Updated Aug 18, 2021, 4:01 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Russian President Vladimir Putin issued his first remarks on digital currencies yesterday, telling the nation that while the technology faces challenges to adoption, it couldn't be dismissed.

, broadcast during an educational segment on TV channel Russia 24, conveyed a lukewarm response from the leader. While praising the Bank of Russia's advocacy against an outright ban on digital currencies, he also outlined a number of issues, including the fact bitcoins are "backed by nothing".

The comments, which one startup took as the "biggest sign of bitcoin legality" in Russia, follow a steady stream of statements made by government officials since the country's lawmakers first began discussing the issue last January.

The conversation is likely to escalate further ahead of the formal decision on a draft bill that would ban the use of digital currencies is still pending in the national legislature.

How did we get here? Check out our interactive timeline below for a refresher on the tumultuous history of Russia and bitcoin:

For more information on bitcoin regulation worldwide, read CoinDesk Research's latest report.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.