Crypto advocates welcome Russian central bank’s retail investor turnaround – DL News
- Central bank has advocated for a ban on crypto.
- Lawmaker says bank’s remaining concerns are uncontroversial.
- Bank’s approach is “balanced,” says pro-business MP.
A pro-business Russian lawmaker has welcomed the central bank’s remarkable U-turn on crypto regulation as Moscow prepares to let retail investors buy Bitcoin and other high-cap tokens.
Anton Gorelkin, the first deputy chairman of the State Duma’s IT committee, noted that the Central Bank had been advocating a “ban on cryptocurrencies for four years,” Russia’s Parliamentary Gazette reported.
“The central bank is now demonstrating a more balanced position,” Gorelkin said. “The bank’s stance remains unchanged on just two points: that cryptocurrencies are…
