It seems like a lifetime ago when Ethereum founder Vitalik Buterin was in Moscow, wining and dining the Russian elite. He sat on stage next to President Vladimir Putin and forged relationships with government agencies. All seemed well.

That is, until yesterday.

On Tuesday, Putin warned against the growing influence of cryptocurrencies. He cited “opportunities to launder funds acquired through criminal activities, tax evasion, even terrorism financing, as well as the spread of fraud schemes” as his main concerns.

But there were even harsher words from his.

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Daily Ethereum Price Forecast – ETH Above $300 Despite Russia Concerns