‘It is Impossible to Technically Ban Decentralized Cryptocurrencies Due to the Nature of the Internet’ – Evgeny Volovik

From: CoinTelegraph

by Allen Scott

Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center.

The Federal Financial Monitoring Service (Rosfinmonitoring) reports directly to the President of the Russian Federation and is a federal executive body responsible for combating money laundering and terrorist financing.

The agency also develops and implements state policies, assesses threats to national security arising from money laundering, financing of terrorism and proliferation of weapons of mass destruction and develops measures to counter these threats.

Back in August at the #CryptoForum Conference in St. Petersburg, Russia, Evgeny Volovik made some interesting statements that appeared to counter the official stance of Russia’s Central Bank on cryptocurrencies. He remarked that:

  • Bitcoin is not a monetary surrogate; The Federal Financial Monitoring Service has evidence that terrorists prefer fiat over digital currencies;

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