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He is lying. It is easy for a dictatorship to destroy cryptocurrencies. Most people know that the Chinese Communist Party has GFW, but few people know that they have stronger means than GFW, the whitelist mode.

Now let's count how many times he in particular had banned Bitcoin and then in-banned it, the banned again and unbanned again.

Putin knows he's powerless against Bitcoin. Everyone is. No one person can gain privileged access into the system.

Yeah, it's a cycle of a gov that doesn't know what to do with something they can't control.
The only question is when would they stop to see the potential for BTC.
Roll Eyes

I mean, banning all crypto networks is technically possible, although it will cost something, like all private networks will be paralyzed, but for a dictatorship, it is not a big deal. Putin, as a war criminal, KGB head and China's ally, of course knows this, so he lied for some purpose. And most people in this forum are so convinced that cryptocurrencies are unbreakable, just because they live in the free world of democratic countries.