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Putin's aide says time isn’t ripe for Russian state-owned cryptocurrency exchange

November 30th, 2017
Categories: Past News

Link: http://tass.com/economy/978061

. Given the lack of legislation governing the status of cryptocurrencies domestically, it’s too early to talk about setting up a state-owned cryptocurrency exchange in Russia, Presidential Advisor German Klimenko.

President Putin said in October that the use of cryptocurrencies carries serious risks, among them opportunities for criminals to launder money, evade taxes and bankroll terrorism. Furthermore, it may even become an outlet for major scams and financial pyramids, where citizens may become victims. However, he called for taking advantage of the new technology’s solutions in the banking sector.

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