Estimated reading time: 0 minutes, 27 seconds

Putin: Cryptocurrency 'Has the Right to Exist'  

Russian President Vladimir Putin said he believes cryptocurrency has a role in the payments space, but was cooler on the idea of it being used to trade commodities like oil. So reports Bloomberg.

putin 2847423 640smallRecently, the Bank of Russia warned investors the crypto market is “extremely volatile,” and said digital currencies are not permissible as a form of domestic payment. Russia has been looking for alternatives to the U.S. dollar after it was hit with sanctions as a result of the annexation of Crimea.

Read the full article from Bloomberg.

Read 1604 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.