Last week Russia’s PM Vladimir Putin announced, Russia will allow regulation of crypto currency. After that Putin said, Russia will issue its own cryptocurrency, may that name will be “CryptoRuble”.
Oreshkin was speaking at the World Festival of Youth and Students in the Russian city of Sochi when he doubled down on keeping retail investors away from bitcoin, adding:
Those who do not know how to manage risks in instruments with such volatility, should not be able to invest because in 99.9 percent of cases it results in losses for such people and then they will find themselves in a difficult life situation, which is not good.”
Oreshkin has also compared bitcoin price volatility with the infamous Russian ponzi ‘MMM’ in recent weeks.
Russia’s Economic Development Minister Maxim Oreshkin Says “Bitcoin is Wrose than Casinos.