Cryptocurrency statements from Russian President Putin

Russian President Vladimir Putin also touched upon cryptocurrencies in his speech on the thirteenth VTB Capital Investment Fund in Moscow. .

“Perhaps the future of all people, however…”

The president, who mentioned that the greenback lost its position as the global reserve foreign money before, stated, “after we come to cryptocurrencies, we see that a few use it and a few restrict it. for instance, China has banned it. Cryptocurrencies are not secure, the volatility is high and the hazards are too top. Maybe this is our long term. Possibly we should always have a look at this extra moderately right now, but that’s the present state of affairs.”

“The USA’s own insurance policies devalue the buck”

Putin, regarding the dollar, said, “The USA’s own policies cut back the worth of the greenback. we actually do not want that to occur. Because such a lot of our natural fuel and oil revenues are in dollars, however we have been forbidden to make use of the bucks we received in a few puts. So what are we able to do if there may be a ban on this? of course we strive to get rid of the dollar.” He said. the issue we’re seeking to prevent here’s volatility. That Is why we try to make use of the Russian ruble in many trades.” commented.