image source: zycrypto.com
Russia’s deputy finance minister Alexey Moiseev was on an interview on a local tv station where he said that they still find it very difficult to believe that cryptocurrency is not a pyramid scheme.
He made mention of the government allowing only those who have big businesses and had solid good reasons for buying cryptocurrencies to do so.
When asked why ordinary people can`t also buy cryptocurrencies ,he said....
“FOR ORDINARY PEOPLE, THERE’S NO WAY BECAUSE THESE ARE VERY DANGEROUS INVESTMENTS THAT COULD LEAD TO LOSS OF MONEY.”
He also added that the sale of cryptocurrency will be done through the Moscow stock exchange under the supervision of the federal financial monitoring service of Russia.
Moiseev says
WE’RE NOT OFFERING TO CALL "CRYPTOCURRENCY" CURRENCY, OR REGULATE IT LIKE CURRENCY
And that in future cryptocurrency exchanges will be shut down to stop operating in Russia same way done by other regulations.
What do you think of this? let me hear you out on the comment box below.. upvote and resteem let`s hear from more people
What cryptocurrency need is to back it up with something materialistic, but all the materialistic things are already the property of somebody. People don't believe in something they can't see with naked eyes and can't well can't sense with their 5 senses. I guess currency developers need to develop some new "matter" to back it up. Steem,sbd(although it's also a cryptocurrency) it is backed with tons of data. I think Steem/sbd will leave everything else behind someday and might even be accepted as mainstream money at some point in future.
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nice feedback @kissofearth , hopefully the core developers will look into the predicament
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Lol
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:)
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