The government explained why it is impossible to allow the exchange of cryptocurrencies for ordinary money The exchange of cryptocurrencies for real money can have dire economic and social consequences for the country. The first deputy head of the government apparatus Maxim Akimov told about it.

The government explained why the exchange of cryptocurrencies for ordinary money cannot be allowed

The exchange of cryptocurrencies for real money can have dire economic and social consequences for the country. This was told by the first deputy head of the government apparatus Maxim Akimov.

“Everyone understands perfectly well that if we allow the conversion of cryptocurrencies into fiat money, then this will have dire consequences for the entire socio-economic system,” RIA Novosti quoted him as saying..

At the same time, Akimov supported the "restrained position of the government" on the issue of cryptocurrencies, adding that it would not allow turning the state's economy into a "global "sandbox" on laundering criminal funds ".

At the same time, the civil servant considers the issuance of tokens and digital bonds by startups in order to attract funding "quite applicable and effective".

“It seems to me that the world of cryptocurrencies is waiting for a period of stabilization after rapid uncontrolled growth,” Akimov said..

Recall that according to the decree of the President of the Russian Federation Vladimir Putin, all preparatory work for regulating the cryptocurrency sphere must be completed by July 1 of this year..

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