Russia’s central bank shares JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon’s skeptical view of cryptocurrencies and initial coin offerings, signaling that not all Moscow authorities are convinced the new technology is a good idea.
Whether Russia should legalize cryptocurrencies remains a big question, Governor Elvira Nabiullina said September 14 at a banking congress in Sochi. At the same event, her deputy warned of a pyramid scheme, invoking China’s decision this month to issue a blanket ban on ICOs.
