Here We Go Again: Russian Central Bank Will Try To Stop Websites Selling Bitcoin
Another attempt to shut down Bitcoin and cryptocurrencies just came out of Russia. Their Central Bank is saying that since Bitcoins has been rising so fast, it is likely a pyramid scheme and should be protected against for the Russian consumer.
Here are 2 quotations:
Speaking at a conference on Tuesday, Reuters reports that Shvetsov cited the "unreasonably high risks" involved in cryptocurrency investment as a reason for the proposed measure, adding: "We cannot give direct and easy access to such dubious instruments for retail (investors)."
"Shvetsov further added that, with bitcoin being an asset that can generate high returns very quickly, it shows signs of being a pyramid scheme."
What government is next? Any takers?
Source:
https://www.coindesk.com/russias-central-bank-backs-move-to-block-bitcoin-websites/
I never understand how people think it is a pyramid scheme. a pyramid scheme gives people incentive to bring others in and gives you like referall bonuses. Like bitconnect. lol Bitcoin is just a store of value and currency. People just like it that is why the price goes up and up they see the potential. I hate when people talk nonsense. that’s for sharing this news.
Yes, it is just their scare tactics, trying to scare the public and keep the "instruments" within the system so they can collect taxes
yep
Whenever the government starts banning and blocking things, people tend to want it more. Just like when the US banned alcohol, people where wanting to get their hands on it even more. However in this case, bitcoin is an investment, and the government should have no say in what you put your money into.
true that
Governments banning or sanctioning cryptocurrencies will only confirm to the market that this new system is a threat to governments and their power, only further encouraging said market.
yup, they will fight until the bitter end...
Cryptocurrency prices going down soon...
I am surprised about Russia fighting Bitcoin. They should not be very concerned as they have a small share of the fiat market, and Bitcoin will probably hurt USA much more than Russia.
The next may be perhaps USA or the EU? They are the most interested regions at keeping the current fiat status quo.
I agree with you on US and EU but I do think that cryptos will have to grow a little bit more until they see it as a major threat. So, perhaps in the end of next year of something...
I think they already see it as a major threat, hence why some banks are starting to mine themselves and are paying people massive consultancy fees to try and get a grip of the unbeatable monster they are going to have to try and tackle.
Banksters are shit scared of Bitcoin. It would soon be over for banksters, when their fiat money would be worthless!
Crypto is hot, and some people dislike it because they misset out! FOMO duds haha. So they gonna write negative stories! Crypto is not even close of a pyramid scheme! I love Crypto! Peace
Thanks for the info, upvoted and followed you!
Thankyou for sharing @freeforever
Russia is giving way too many contradicting signals. They show support for Waves, talk with Vitalik, Burger Kings introduce their own coin..... some A-hole comes up and ruins the party. Putin needs to give these bitches some spanking and set them financially straight.
At least Singapore, Swiss and even Thailand (with OmiseGo) are doing well not to mention Japan being way ahead of them all. If Japan stops following USSA on economic policy, they would be a bigger economic power than China.