As Russia prepares regulation for cryptocurrencies, one Russian official has said investments in bitcoin is worse than playing casinos.
Last week, an elite meeting of Russian financial officials and regulators convened with Russian president Vladimir Putin to discuss cryptocurrencies as financial instruments in the country. Putin acknowledged “cryptocurrencies are becoming or have already become a full-fledged means of payment, as well as a means of instrument” in several countries around the world. The Russian president also warned of “serious risks” with cryptocurrency usage by pointing to money laundering and tax evasion opportunities for abusers.
