in

Vladimir Putin to protect Russia from crypto-currencies

Russian President Vladimir Putin emphasizes careful regulation of crypto-currencies in Russia.

SOCHI (Sputnik) – The use of crypto-currencies carries serious risks, creating the possibility of the spread of fraudulent schemes and, therefore, needs careful regulation, Russian President Vladimir Putin said at a meeting on crypto-currencies on Tuesday.

“Crypto-currencies in some countries have already become a full-fledged means of payment, an investment asset, but the use of crypto-currencies also carries serious risks…including the possibility of laundering the capital obtained by criminal means, tax evasion and financing even of terrorism, and, of course, the spread of fraudulent schemes, whose victims may become ordinary citizens,”

Putin said.

The president stressed that Russia needs to regulate crypto-currency use in such a way as to protect the interests of citizens, business, and the state while avoiding the creation of unnecessary barriers.

0 0 vote
Article Rating
Help us grow. Support The Duran on Patreon!

Report

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Rex Tillerson runs to Sergey Lavrov as arrogant Trump challenges him to “IQ test”

CONFIRMED: Turkey and Iran to conduct bilateral trade in national currencies