OKCoin Xu Mingxing: Bitcoin's technological revolution has attracted the attention of major politicians

Russian President Vladimir Putin made his first comments on Bitcoin and digital currencies during an educational forum program broadcast on Russia 24, a national television network, July 15.

Putin said he believes that the position taken by the Russian Central Bank on technological exploration so far is reasonable and will not reject its application. In addition, Putin proposed that digital currency as a currency is problematic. It is not linked to anything, but the technology can be seen as a novel way to calculate trading pairs. However, as a unit of account, these "coins" or any other name, they are used and are increasingly widely used. It is possible to use them as a unit of account in accounts. Putin also said: "We don't reject anything, but the basic problem of digital currency is that it is not widely used, and it seems to be the case now."

ICBIT Trading CEO Aleksey Bragin told CoinDesk:

“Bitcoin is not banned in Russia, but it is impossible to run any Bitcoin business in Russia. There are no bank accounts, and mining has always been a gray area.”

In fact, Russia has been discussing possible bans and crimes against digital currencies since the middle of last year. Some websites about Bitcoin were blocked, which also led to the closure or relocation of many Bitcoin startups overseas. In May of this year, a Russian court overturned the ruling on blocking websites and allowed Russian entrepreneurs and companies to trade Bitcoin freely.

OKCoin Bitcoin trading platform Xu Mingxing believes that although Putin did not specifically talk about the position of Bitcoin in Russia, it is believed that this is a positive signal. The government has begun to take an open attitude towards the field of Bitcoin, which is a huge change from the previous explicit ban. In the past period of time, the world has become more and more interested in Bitcoin, including Nasdaq and NOble cooperating to build a Bitcoin exchange, British Barclays Bank experimenting with Bitcoin technology, and Swiss Bank opening a Bitcoin wallet laboratory. From the OKCoin data in the past two weeks, the transaction volume of Bitcoin has increased significantly, and the number of Bitcoin users in Europe is also increasing. Bitcoin has once again become an investment hotspot.