10:49 GMT26 May 2020
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    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.

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    Bitcoin, crypto currency
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