Vladimir Putin on Cryptocurrency

January 12, 2018

Vladimir Putin on Cryptocurrency

Russian President Vladimir Putin sees the Central Bank's conservative attitude towards cryptocurrency quite reasonable. As Putin, it can be used for payment in some cases yet has no backing and cannot act as means of hoarding.

Putin also mentioned huge fluctuations in cryptocurrency rates. As the President explained, if this situation is not handled efficiently enough, especially during the initial phase, it is the government that is responsible for people who decided to buy cryptocurrency.

It should be recalled that drafting of a bill on cryptocurrencies in Russia is in progress and to be brought in not until February 2018.

 

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