Russia not planning to buy up troves of bitcoin after all, government cites lack of support infrastructure

Rumours Russia planned to buy bitcoin in bulk turned out to be unfounded as government official Elina Sidorenko explains the country does not possess sufficient infrastructure to support cryptocurrencies, reports Ethereum World News.

While Russia might be interested in implementing such technology in the future, those are far-fetched plans—currently, necessary regulations regarding cryptocurrencies are not in place.

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