Russian government is not going to ban cryptocurrencies and will regulate their rotation in the country. As writes RIA Novosti news agency, it was stated by Mikhail Abyzov, Russia’s Minister for Open Government. The officer pointed that discussions on these issues are progressing at all levels of the power, because the cryptocurrency element ıs ımpossıble to ıgnore and ban. The minister is sure about early resolution on this matter, because, following his words, the authorities admit the necessity to recognize the cryptocurrencies as a financial tool and to regulate them prudently. Abyzov underlıned the hıgh potentıal of the Russian technological background in this area and pointed that the government understands the necessity of development of those technologies.