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Putin: Cryptocurrency 'Has the Right to Exist'  

Russian President Vladimir Putin said he believes cryptocurrency has a role in the payments space, but was cooler on the idea of it being used to trade commodities like oil. So reports Bloomberg.

putin 2847423 640smallRecently, the Bank of Russia warned investors the crypto market is “extremely volatile,” and said digital currencies are not permissible as a form of domestic payment. Russia has been looking for alternatives to the U.S. dollar after it was hit with sanctions as a result of the annexation of Crimea.

Read the full article from Bloomberg.

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