Russia's interest in bitcoin is overestimated, says head of VTB International

Russia's appetite for bitcoin has been overblown by the media, the head of Russian bank VTB International told CNBC Tuesday.

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It had been reported that the enthusiasm for bitcoin in Russia had led to a spike in Google searches, patent registrations and even plans for a national cryptocurrency called the CryptoRuble. However, he told CNBC that he hadn't seen this level of intensity surrounding the cryptocurrency.

 

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