Russian central bank chairman: we will NEVER allow usage of ICO and cryptocurrencies

We simply won't allow actors on financial markets to use cryptocurrency. Because they are highly speculative and volatile thang, people are simply fooled by get rich quick perspective.

Last year Bank of Russia saved 3 too big to fail banks who lost actives more than 1.5 trillion rubles ($55 bln.) under their supervision. Two of them to become a financial hole patched by a printing press and inflation, the third to become military industrial bank to hide sactioned actives in russian economy.