Titov Boris, the Presidential Commissioner for Entrepreneurs’ Rights in Russia and the Leader of Right Cause party, is trying to lead the Party of Growth to create clear and transparent legal regime and regulations for cryptocurrencies including Bitcoin.
The Party of Growth, which represents liberal free market economy and democracy, believes that the Bitcoin blockchain technology is developing rapidly around the world, including Russia. The party proposes to legalize Bitcoin mining and officially recognize Bitcoin property rights.
During an interview with TASS, a Russian news agency which has worked closely with various Russian government organizations for well over a century, Boris stated the importance of cryptocurrencies such as Bitcoin in the economy of Russia and its impact on the finance industry.
“We [Party of Growth] estimate that over 2 million Russian citizens have opened their own Bitcoin wallets,” stated Boris. He further emphasized that the Bitcoin blockchain technology and its merits could positively contribute to the struggling economic situation of the nation.
“Russia can take advantage of the difficult economic situation Russia is dealing with today by opening up to the blockchain technology,” continued Boris.