Russian crypto ban proposal draws denunciations from Telegram's Durov and Navalny's chief of staff by the_postman_
Durov will be familiar to The Block's readers as the co-founder of encrypted messaging app Telegram, whose ill-fated venture into launching its own cryptocurrency was shut down by US authorities.
Volkov is the right-hand man of leading Russian oppositionist Aleksei Navalny, currently in jail for his political activities. During Navalny's incarceration, Volkov has largely served as the mouthpiece for the opposition movement. Just last week, Russian authoritieshim and colleague Ivan Zhdanov on their register of extremists and terrorists, which bars them from much of public life as well as holding bank accounts.
Warning of an exodus of tech workers from Russia, Durov said:"Such a ban will inevitably stall development of blockchain technology as a whole.""Recommending the imposition a total ban on cryptocurrencies, the Central Bank of the Russian Federation is proposing to throw the baby out with the bathwater. Such a ban will harly stop bad actors, but it will bury legal Russian projects in this area.
Volkov, meanwhile, suggested that the move to attack crypto was a counterbalance to Russian security forces' incursion into
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