MOSCOW (Sputnik) – According to him, he is "cautious" about using bitcoins and other cryptocurrencies because "almost nothing is regulated in this area at the moment."
"This is a good idea, but it is hard to implement it," Putin said speaking to children of the Sirius children’s center in Sochi, when asked about the prospects of a world currency.
Bitcoin is one of the most popular cryptocurrencies based on blockchain technology, with data distributed on multiple computers and no central server. Each block of data in a blockchain contains a timestamp, which makes it able to track transactions.
Russia's Central Bank (CBR) suggested classifying cryptocurrencies, including bitcoin, as digital goods, for the purposes of taxation.