The Kremlin believes that Russia is not ready to recognize bitcoin. As the press secretary of the President Peskov said, there is currently no reason for this.

“It is unambiguous that Russia is not ready for such steps. So far, there is not the slightest reason to take such steps,” he said and called bitcoin a “quasi-currency”. Peskov also added that equating cryptocurrency with ordinary money will not be able to bring anything but harm to the economy.

The first country in the world which recognized Bitcoin was El Salvador. The corresponding law was launched there on Tuesday, September 7. Now it will be possible to pay with cryptocurrency along with the US dollar. El Salvador has already bought 400 bitcoins. The government of the country has created a fund for $150 million – Salvadorans can receive $30 in bitcoins on their electronic wallet.