Former Russian president Dmitry Medvedev says Russia’s cryptocurrency ban would lead to ‘opposite result’

Russia’s central bank proposal to outlaw several cryptocurrency-related activities continues to elicit reactions with the country’s former president Dmitry Medvedev being the latest leader to raise concerns.

Medvedev believes that if the ban is initiated, it will have a negative impact on the ecosystem but maintained that the central bank has its motivation, Tass reports.

“I now have a rather advantageous position in this sense: I believe that representatives of the Central Bank and the government of the Russian Federation will deal with this with success. Although, to be honest, when they try to ban something, very often it leads to the opposite result,” Medvedev said.

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