Russia's crypto ban would drive out IT professionals: Telegram CEO

Messaging app Telegram's Russia-born CEO Pavel Durov said Russia's proposed ban on cryptocurrencies could lead to an outflow of IT professionals from the country and destroy several technology industries. Likening the proposal to ban cryptocurrencies to "throwing the baby out with the bath water", Durov wrote on his Telegram channel, "None of the developed nations is banning cryptocurrencies."