Russian Prime Minister Dmitry Medvedev thinks that cryptocurrency regulation should take place in just one country, but should be unified action across all countries the Eurasian Economic Union (EAEU), local business newspaper Vedomosti reported today, Feb. 2.

At a conference entitled " Digital Agenda in the Age of Globalization ", held today in Almaty, Kazakhstan, Medvedev spoke about the need for regulation on an international scale, specifically in glances to the EAEU, which is made up of Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia:

"It's impossible to introduce these principles [regulating cryptocurrencies] in one country, our approach should be closer to the Level of the Union. "

In December 2017, Putin had proposed a new, multinational cryptocurrency to be adopted in all EAEU and BRICS countries, enabling the use of Blockchain and smart contracts across these emerging markets

Although Medvedev only spoke in the EAEU, he repeated this idea of ​​a multinational crypto regulatory model in regards to payment services, not just Blockchain protocol:

"In any case, we should not be limited to only national models. My colleagues said here that cryptocurrencies can be used for payment. "

In March of 2017, Medvedev had called for the Ministry of Communications and the Ministry of Economic Growth to begin researching the potential. uses of Blockchain in government.

More recently at the Gaidar Forum held in January, Medvedev criticized cryptocurrencies as an economic bubble that will eventually disappear, though it said that Blockchain technology will remain.