Cryptocurrencies

Putin Says He Accepts Crypto’s Role in Making Payments

  • Crypto ‘has the right to exist,’ Putin says in CNBC interview
  • U.S. considering new regulations after Chinese crackdown

A bitcoin sculpture outside a cryptocurrency mining farm in Norilsk, Russia.

Photographer: Andrey Rudakov/Bloomberg
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Russian President Vladimir Putin signaled tolerance of cryptocurrencies, which are drawing increasing scrutiny from regulators around the world amid fears they can be used for money laundering and criminal activity.