for 2021. Expanding on a long list of previously highlighted negatives related to digital currencies like bitcoin, the monetary authority stated:
There is a risk of undermining the circulation of money and loss of sovereignty for the national currency. The regulator is repeating earlier warnings that digital assets increase the risk of outflow of funds from the traditional financial system towards the still largely unregulated crypto market. This transfer of savings threatens the financial stability of Russian banks, the CBR says, quoted by RBC Crypto.
Bank of Russia remains concerned about the “well-being of citizens” as in its view, the growth of the crypto market forms a bubble while cryptocurrencies bear characteristics of financial pyramids. Investor protection is limited and investments in digital coins can be lost due to price volatility or as a result of fraud and cyberthreats, the CBR adds.
I'd like to know what would be if some banks worked with crypto exchanges like BFX
They just still can't decide whether they go full irrational dic(k)tatorship or cherry-pick some freedoms
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🇷🇺 bank worried that rouble will be added to list of 💩coins
No one can influence the price except Bitsubishi's community because no one owns huge amount of supply other than its community and LP tokens have been also locked forever.
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Bitsubishi is unique because the complete supply of $BITSU has been allocated for its community and liquidity pool.
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sounds really strange. usdt would save people from systemic risks, but obviously banks dont see it.
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Where are such conclusions from? Cryptocurrencies are unlikely to be able to completely replace fiat money, although I would really like to. But it will not be a threat to it either.
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Is it possible to somehow reduce the fees?
Thank you very much_,, ahju
What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 50 - NEUTRAL, with price of 40139.600192440035 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.