Putin warns cryptocurrencies with risks and admits that they could have the future -
Putin warns cryptocurrencies with risks and admits that they could have the future -
The Russian President Vladimir Putin has once again talked about cryptocurrencies and pointed out the "high risks" associated with virtual assets. However, the Russian head of state has also recognized that digital currencies could have a future and it is necessary to pursue their development.
Russia's Putin is still careful with crypto
Russian President Vladimir Putin has made another comment on cryptocurrencies. Lecture at the VTB Capital Investment Forum "Russia Calling!" In 2021, the head of state found that crypto-assets still recover many serious risks. Cited from the news portal Life.ru, Putin stated:
The cryptocurrency is prohibited in some countries. Nothing is covered, the volatility is high, the risks are high. I also believe that we have to listen to those who talk about the high risks.
At the same time, Russia's strong man did not rule out that cryptocurrencies could have a future. He also emphasized that it was currently necessary to carefully monitor the entire process during its development.
cryptocurrencies still have to be comprehensively regulated in the Russian Federation. Although the law, which came into force in January, offers some clarity in relation to virtual coins and certain associated activities such as their edition, many aspects such as mining and taxes still have to be regulated by new laws.
Bank of Russia remains tight against legalization of Bitcoin and the like as a means of payment and recently legal liability for such use To introduce. In September, Putin's press spokesman Dmitri Peskow also took a hard attitude and made it clear that Russia had no reason and not ready to recognize Bitcoin as a legal means of payment.
Putin's latest comment on cryptocurrencies is not his first this year. In an interview with CNBC on the edge of the Russian Energy Cycle in Moscow last October, he admitted that one day decentralized digital money could be used in oil trade agreements, although it was too early. He accused the United States to undermine their own currency and pointed out that the bills of bills are declining while the federal states reduce their dollar reserves.
The Kremlin has pursued civil servants who have cryptocurrencies as part of its efforts to combat corruption in the government. In August the Presidential Administration A decree proven Several ministries and the central bank to check the explanations of government employees for their digital assets.
Do you expect the position of Vladimir Putin to change to cryptocurrencies in the future? Tell us your opinion in the comments below.
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