Vladimir Putin has criticized the cryptocurrency

At the investment forum, the President called the cryptocurrency “risky to use”

01.12.2021 - 14:00

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At the investment forum, the President called the cryptocurrency “risky to use.”

What’s new? The Russian President Vladimir Putin at the “Russia Calling!” investment forum criticized the cryptocurrency and noted that the risks of its use are too high, RIA Novosti reports.

The RIA Novosti source

"Some countries use cryptocurrency, and in some countries, it is simply banned. I guess in China it is banned, in some others, it is banned. But it is not secured by anything, the volatility is enormous, so the risks are very high. We also believe that we need to listen to those who talk about those high risks.”

What else did the president say? Despite the criticism of cryptocurrencies, Putin added that the market may become more stable in the future and it is necessary to follow the development of the technologies. Given that the Central Bank is actively testing its own CBDC, Russia may have its digital currency in the next few years.

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