Putin about Bitcoin: The risk is enormous

Russian President Vladimir Putin has been involved in a bitcoin debate.

As he said, although in the end there will be a need for legal regulation on crypto currencies, at the moment, he thinks, all the risk and responsibility are borne by investors. Speaking at a press conference, Putin said that the Central Bank of Russia has a cautious approach when it comes to crypt valued as it is, because there is nothing to guarantee their value. "Generally, of course, in the future it will certainly be necessary to regulate it by law. The Central Bank already has an attitude towards this issue, as it has the Government. CBR behaves conservatively, but in my opinion there is a basis, because it is known that there is nothing behind the cryptovalue, it can not be the means of accumulation, there is no material value behind and no protection, "he said.

In certain situations this can be a payment method that can be done quickly and efficiently. You can pay, but you can not save and you have no guarantees, so the Central Bank is very careful about it. The risk is huge: You can invest everything today, and tomorrow you'll lose everything. Putin says that if this area is not regulated, effectively enough, the government can be responsible for the difficult situations in which people can be found. "It's now a responsibility of you only," Putin said. Opinion on battle and other crypts is still divided, and the Russian government is currently thinking about how to regulate digital currencies in the best way.