Russia’s proposed bitcoin ban will hinder blockchain technology’s development in the Russian Federation, according to German Gref, chairman of the board at Sberbank, Russia’s national savings bank, and former economic development minister, speaking at the Skolkovo business school Saturday, according to Lenta.ru, a Moscow-based news site.
Gref said blockchain is a new web technology comparable to the Internet that has yet to be born. Banning bitcoin will send progress past the Russian Federation’s limits. Blockchain technology experts will have to move to more user-friendly jurisdictions.
Sberbank’s CEO blasts proposed bitcoin banRead More
