Vladimir Putin, the President of Russia, voiced criticism Tuesday at Moscow’s “Russian Calling” investment forum. AccordingAccording to lenta.ru local news, the President made these remarks as translated by Cointelegraph

Putin called for greater oversight and regulation of cryptocurrency. He pointed out that certain countries around the world are seeing a significant increase in adoption of digital currency. Russia’s cryptocurrency regulation is currently in its early stages. The government may launch a central bank digital cryptocurrency, but at least 8 federal laws need to be updated and 5 legislative codes changed. The digital ruble will take effect.