Cryptocurrency ban in Russia could destroy tech industry: Telegram app CEO Pavel Durov
Russia’s proposed ban on cryptocurrencies could destroy several technology industries and drive IT professionals abroad, said Pavel Durov, CEO and co-founder of the Telegram messaging app. “The Bank of Russia suggesting a total ban on cryptocurrencies is throwing the baby out with the bath water,” the Russian-born Durov wrote Saturday in his Telegram channel. “None of the developed nations is banning cryptocurrencies.”