In a message sent via Telegram, Durov assured that the restrictions against the cryptocurrency industry will promote the exodus of technology and information specialists. Similarly, he believes that he will destroy a number of sectors of the high-tech economy.
Durov believes that Russia's move could also affect the development of the blockchain industry, in general.
In that sense, he commented that the Eurasian country is one of the nations that have leadership in the number of "highly qualified" specialists belonging to the industry.
In his opinion, the technology around Bitcoin improves the efficiency and security of many human activities, from finance to the arts.
Durov added that distributed ledger technology solutions employing cryptocurrencies as units of calculation are replacing the outdated centralized financial systems of the second half of the 20th century.
The concern of the top executive of Telegram arises after the Central Bank of Russia declared in a recent report that bitcoin and cryptocurrencies pose significant threats to the well-being of Russian citizens and the stability of the financial system.
Durov accepts "careful" regulations
The regulations Durov carefully refers to are those that allow Russia to balance "the distribution of forces in the international financial system and become one of the main players in the new economy."
Durov also suggested that Russia observe neighboring countries, such as Ukraine or Uzbekistan, which have adopted "progressive" laws regarding Bitcoin because "they do not want to be left out of technological and economic progress."
Finally, he added that the ban on bitcoin may end illegal actors in the world of cryptocurrencies, but it will also put an end to the legal projects that take place in the industry of that nation.
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