Markets

Not Even Putin Can Scare Bitcoin Investors

Not Even Putin Can Scare Bitcoin Investors

"We can not give direct and easy access to such dubious instruments for retail (investors)", Shvetsov said, according to Reuters.

"In a number of countries, cryptocurrencies are becoming or have already become a full-fledged means of payment, as well as a means of investment".

At a later stage, however, the authorities adopted the globally flourishing market for cryptocurrency, but they either wanted to either control turnover or limit access to the market.

Shvetsov compared the high risk of bitcoin to a pyramid scheme.




"The use of cryptocurrencies bears serious risks", including money laundering, tax evasion and funding for terrorism, Putin told a meeting of top finance officials including Bank of Russia Governor Elvira Nabiullina, Finance Minister Anton Siluanov and Kremlin economic aide, Andrey Belousov, in Sochi Tuesday. These regulations would be based on global experiences, and would be geared toward the best interests of business and the state. After opening at $4,773, bitcoin hit a high of $4,910 today, because nothing makes any sense. "It's important not to set up superfluous barriers, naturally, but to create the essential conditions for the further development and perfection of the national financial system", he said, according to the FT's report.

In June, Putin met with Vitalik Buterin, the founder of the world's second-largest cryptocurrency after bitcoin, and gave his blessing for Russian Federation to develop blockchain, the technology underlying the instruments.

The Finance Ministry has been noticeably more open to the idea of virtual coin than the central bank.

According to Bloomberg, private deliberations are still happening.


  • South Korea claims North hacked nuclear attack response plans

    South Korea claims North hacked nuclear attack response plans

    In a rare public statement, Kim has responded to Trump's jibes by vowing to "tame the mentally deranged U.S. dotard with fire". The isolated state is believed to have specially-trained hackers based overseas, including in China.
    Odell Beckham Jr. Ankle Injury: Giants Receiver Carted off Field

    Odell Beckham Jr. Ankle Injury: Giants Receiver Carted off Field

    The New York Pass Defense would be a even more lethal threat up front and get after anyone that was in their way. There would be the "three-headed monster" at wide receiver in Beckham , Sterling Shepard and Brandon Marshall .
    New York Mets to Purchase AAA Syracuse Chiefs

    New York Mets to Purchase AAA Syracuse Chiefs

    In addition, it would mark the end of the Chiefs' affiliation with the Washington Nationals at some point in the near future. Both the Governor's office and New York Senator Chuck Schumer confirmed on Thursday that the Mets meant to buy the Chiefs.
  • Microsoft integrate Cortana with Skype in Latest Update

    Microsoft integrate Cortana with Skype in Latest Update

    They are bringing the Virtual Assistant experience to nearly everything like smartphones, speakers, PCs, etc. It will also give you smart replies so you don't even need to type out what you want to say.
    Justice League gets an explosive new trailer teasing Superman

    Justice League gets an explosive new trailer teasing Superman

    And the featurette wisely focuses on the chemistry of the team over the confusing visual carnage from the last trailer. Together, Batman and Wonder Woman work quickly to recruit a team to stand against this newly awakened enemy.
    Six pitch invaders detained

    Six pitch invaders detained

    Spain won the match 1-0 with Asier Illarramendi's second half strike enough to earn Julen Lopetegui's side the victory in Israel . But Israel finished in fourth, comfortably missing out on a potential play-off place, which was taken by Italy.
  • Britain, EU clash over next Brexit move

    Britain, EU clash over next Brexit move

    European Commission spokesman Margaritis Schinas said the responsibility for progress is "entirely in the United Kingdom court". The Prime Minister told another caller she had not been able to take honey to soothe her throat because she is diabetic.

    Microsoft (MSFT) Reaches $76.54 52-Week High; Cambrex (CBM) Has 0.99 Sentiment

    Also, it has an estimated price-earnings (P/E) multiple of 21.02 and a trailing 12-month price-earnings (P/E) multiple of 28.06. The shares price go up so far this year; showing a rise of 22.77% and added with positive flow of 2.25% during recent week.
    Swift announces two live shows in Dec

    Swift announces two live shows in Dec

    Taylor finally discovered the magical world of lives and she made a decision to lurk on the accounts of some of her biggest fans. The 27-year-old star used to regularly engage with fans online, but exiled herself from social media earlier this year.
  • Flexion Therapeutics, Inc. (NASDAQ:FLXN) Carving out Recent Gains For the Week

    Flexion Therapeutics, Inc. (NASDAQ:FLXN) Carving out Recent Gains For the Week

    Public Employees Retirement System of OH raised its position in Flexion Therapeutics by 69.4% during the second quarter. ILLEGAL ACTIVITY WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal.
    Kiwis hit by South African T20 postponement

    Kiwis hit by South African T20 postponement

    SACA has called for an "independent review" because of the impact on players who turned down other opportunities to sign. The inaugural T20 Global League (T20GL) is dead in the water‚ Cricket South Africa (CSA) confirmed on Tuesday.
    Joe Girardi on future as Yankees manager

    Joe Girardi on future as Yankees manager

    So his first pitch of the game was over 100, I think 101. "He was brilliant", Yankees manager Joe Girardi said about Tanaka. Perez's Game 4 home run at Yankee Stadium was his first postseason round-tripper in a road game during the postseason.