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Cryptocurrencies Spread May Threaten Russian Financial Stability
Cryptocurrencies Spread May Threaten Russian Financial Stability
Sputnik International
The spread of cryptocurrencies can force legal money from the market, creating a threat to the financial stability of Russia, Alexander Bastrykin, the head of... 17.04.2016, Sputnik International
2016-04-17T21:41+0000
2016-04-17T21:41+0000
2022-10-19T21:00+0000
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Cryptocurrencies Spread May Threaten Russian Financial Stability
21:41 GMT 17.04.2016 (Updated: 21:00 GMT 19.10.2022) The spread of cryptocurrencies can force legal money from the market, creating a threat to the financial stability of Russia, Alexander Bastrykin, the head of the Russian Investigative Committee, said in his article published Monday.
MOSCOW (Sputnik) — Since the inception of the cryptographic payment system, it is projected to replace gold in the near future.
"As a result of the wide distribution, these [8x] currencies can force legal money from the market, which threatens the financial stability of the state," Bastrykin wrote in the article for Russia's Kommersant-Vlast magazine.
