President Vladimir Putin says that digital assets like Bitcoin and the Blockchain are dangerous in some ways, but they are the future of the financial world.
Vladimir Putin, the president of the Russian Federation, is not a supporter of bitcoin and cryptocurrency. He believes this new asset class is related to high risks for investors. But, Putin predicts that cryptocurrencies could be the future and help eliminate corruption from finance.
The politician’s remarks were made during a special investment forum in Moscow called “Russian Calling.” At the conference, Putin mentioned how volatile cryptocurrency is. He also talked about the risks in investing in private digital assets, which can lead to significant losses.
They are not supported by anything, it is still very volatile, and there is a high risk involved. Listen to those who speak of these great threats.he said.
Putin wants to say that We are not sure whether these new and exciting technologies are the greatest things since sliced bread. There is always a risk when investing in any innovation or technology, but it is great to know that they might have the potential to change our world for the better.
Additionally, he stated that his country has no plans to prohibit cryptocurrency. The authorities’ role will be to monitor market development and to implement “regulatory elements.”
Vladimir Putin has made some controversial comments on cryptocurrencies in the past. In October of last year, he called bitcoin “a kind of a gamble.” This time around however, he noted that digital assets could one day be used as units of account and discussed how Russia is exploring opportunities with the blockchain technology.
Also Read: David Marcus Steps Down From Facebook
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.