Putin's special envoy: Russia should not allow cryptocurrency trading
Source:
If the Russian authorities will authorize the issuance and circulation of cryptocurrency in the near future, there is a risk of occurrence of financial pyramid-type MMM. This was stated by the special representative of the President of the Russian Federation at digital and technological development, Dmitry Peskov. His words are quoted .
Peskov said that the possibility of creating "MMM 2.0" in case of approval of cryptocurrencies in Russia "the most high".
theWe legally are not crushed at the start of the blockchain and cryptocurrency, trying to get them in the regulatory field. But the government must honestly warn everybody that the likelihood that you will fall in MMM 2.0, the maximum. The Central Bank is, from my point of view, extremely liberal stance in the regulation of cryptocurrencies. But the threat level is so great that this position could be more stringent.
That waits for the cryptocurrency in Russia?
Now the most effective strategy is to allow the use of cryptocurrency in a particular region and manually regulate it, said Sands.
The Issuance and circulation of cryptocurrency yet impossible to resolve. This is contrary to the basic functions of the state. The sequence is important. If we are on a common level of accepted the bill on the principles of working with liberalite, the next step can be to discuss the implementation of these principles in everyday life. But it is wrong to do the opposite.
Peskov Informed that Russia should not be the first to adopt the cryptocurrencies. For the country's economy will be much better to see someone else's example, to correct errors and avoid technology-related risks.
What he thinks about cryptocurrency the President and what will be their fate is still unknown. I hope we don't fall behind for decades from industry leaders.
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