A Russian government official says the nation will ban Facebook if the US decides to block the company\u2019s Libra cryptocurrency.\r\nPutin Aide: Ask Us About Libra\r\nSpeaking to reporters on Oct. 22, Dmitry Peskov, President Vladimir Putin\u2019s special representative for IT confirmed his official position on Libra, as well as Telegram\u2019s prospective cryptocurrency, Gram.\r\n\r\n\u201cIf Libra launches without controls, or Gram, the likelihood of the scenario appearing in which we block (Facebook) significantly increases, not just in Russia but in every country,\u201d he said.\r\n\r\nAccording to Peskov, Russia would take its cue from the US regarding Libra, given Facebook\u2019s heritage.\r\n\r\nThere, the government has already spent several months quizzing executives including CEO Mark Zuckerberg about the digital currency\u2019s likely implications.\r\n\r\n\u201cBut this\u2026 does not depend on the Russian government, but on the American one,\u201d he continued, striking an ironic tone.\r\n\r\n\u201cTherefore it would be apt to direct your queries to the American government once it blocks Facebook and Telegram.\u201d\r\n\r\nRussia has already threatened to block Facebook, which has a limited following in the country, due to a separate row over data storage.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nRussia Making Threats Again\r\nAuthorities have already attempted to block Telegram, albeit with almost no success. Gram, the messaging service\u2019s cryptocurrency, is currently subject to scrutiny from US securities regulator, the Securities and Exchange Commission (SEC).\r\n\r\nGram raised a reported $1.7 billion in a token sale to private investors in 2018. Executives planned to distribute the tokens to investors by the end of this month, but the SEC intervened.\r\n\r\n\u201cWe allege that the defendants have failed to provide investors with information regarding Grams and Telegram\u2019s business operations, financial condition, risk factors, and management that the securities laws require,\u201d a press release stated at the time.\r\n\r\nLibra meanwhile still has no launch date, as Facebook works to appease regulators about its plans. Last month, France revealed it would not allow a private entity to issue an alternative to fiat currency, while some of Libra\u2019s principal backers have already pulled out.\r\n\r\nThe reason, PayPal, Visa and MasterCard, say, is the potential for their reputation to be harmed by facilitating such a fiat alternative.\r\n\r\nCryptocurrency voices are also skeptical. Brad Garlinghouse, CEO of Ripple, thinks Libra will not launch before 2023.