Cryptocurrencies bear serious risks and are backing Terrorism; claims Putin

Cryptocurrencies bear serious risks and are backing Terrorism; claims Putin

"The president voiced the issues related to cryptocurrencies".

He mentioned such risks as a possibility of laundering capital obtained by criminal ways, evading taxes and financing terrorism, not to mention the dissemination of fraudulent schemes that may cause harm to ordinary citizens.

"Cryptocurrencies are issued by an unlimited amount of anonymous subjects. It's a serious issue that we need to keep in mind while discussing this topic", said Vladimir Putin.

"In the event of a system failure or the inflation of "bubbles", as they say now, there will be no legally responsible entity available. The state should take all this under control", said Siluanov, who attended Tuesday's meeting with Putin. He noted that it is necessary to institute the circulation of cryptocurrencies in Russian Federation and at the same time not to create unnecessary barriers.

"We need, based on worldwide experience, to build a regulatory environment that will systematize relations in this area, to protect, of course, the interests of citizens, business, and the state, to provide legal guarantees for working with innovative financial instruments", he said.

Bringing a gift for your host when you're visiting from out of town is often a courteous move and something that Turkemenistan's president, Gurbanguly Berdimuhamedov obviously believes in as he brought quite the gift for Russian president Vladimir Putin on a trip to the Bocharov Ruchei state residence in Sochi. Siluanov said his ministry would work with the central bank on regulating cryptocurrencies in Russian Federation.

"In many countries, cryptocurrencies are becoming or have already become a complete means of payment, as well as a means of investment".

Related Articles

  • Shipbuilders' union labels BAE job cuts 'a further blow' to Portsmouth workers

    Shipbuilders' union labels BAE job cuts 'a further blow' to Portsmouth workers

    Under the plans, jobs will also be cut in East Yorkshire and at RAF bases in Norfolk and North Yorkshire. More jobs will go from the company's cyber intelligence business in London and Guildford.
    Blackberry launches Motion with full touch-screen, 4000mAh battery

    Blackberry launches Motion with full touch-screen, 4000mAh battery

    At first glance, except for the physical keyboard, the Blackberry Motion looks a lot like the KEYone . With a unibody design, the phone has a fingerprint scanner on the front and the BB logo at the back.
    Milky Way overtakes Twix as Colorado's favorite Halloween candy this year

    Milky Way overtakes Twix as Colorado's favorite Halloween candy this year

    According to Candy Store's data, the top three sweets in IN are Hot Tamales, Starburst, and Snickers. Reese's Cups used to rule North Carolina, but not this year, according to the bulk candy seller.
  • Jay Shah Files Defamation Case Against Media House For Article Against Him

    Jay Shah Files Defamation Case Against Media House For Article Against Him

    Sibal said, "It was surprising to see a company with no inventory or assets show a turnover of Rs 80.5 crore". Congress vice-president Rahul Gandhi tweeted, "We finally found the only beneficiary of Demonetisation ".

    Nicolet Bankshares Inc. Grows Stake in Amazon.com, Inc

    It dived, as 64 investors sold AMZN shares while 542 reduced holdings. 73 funds opened positions while 283 raised stakes. Ibex Wealth Advisors purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $113,000.
    Watch all the Blade Runner 2049 prequel movies

    Watch all the Blade Runner 2049 prequel movies

    These subjects, along with a 88% score on review site Rotten Tomatoes, have given " Blade Runner 2049 " plenty of advance buzz. I know I definitely do not want to miss out on this movie, and you shouldn't too! "But I have yet to hear that story".
  • Endeavour Silver Corporation (NYSE:EXK) Just Reported Increased Shorts

    Looking at some alternate time periods, the 12 month price index is 0.84949, the 24 month is 1.52840, and the 36 month is 1.69516. A ratio over one indicates an increase in share price over the period. 82 funds opened positions while 187 raised stakes.
    Xolo Launches Era 3X, Era 2V, and Era 3 Smartphones in India

    Xolo Launches Era 3X, Era 2V, and Era 3 Smartphones in India

    The phone features a 13-megapixel front camera with moonlight selfie flash, while on the rear, there is an 8-megapixel snapper. The phone is backed by a 3GB of RAM and 16GB of internal storage , which can be further expandable via micro SD card slot.
    0.75 mn college teachers to get 7th Pay Commission benefits: Javadekar

    0.75 mn college teachers to get 7th Pay Commission benefits: Javadekar

    Similarly, Associate Professors will draw a salary of Rs 1,31,000, Professors Rs 1,44,000 and Senior Professors Rs 1,82000. For the State Govt. funded institutions, the revised pay scales will require adoption by the respective State Governments.
  • Day One testimony continues in Jessica Chambers murder trial

    Day One testimony continues in Jessica Chambers murder trial

    Jessica Chambers , 19, left, was intentionally set on fire before her murder on December 6, 2014. "She didn't say any other name". Quinton Tellis, 29, right, is accused of killing the former high school cheerleader from Courtland, Mississippi.
    Featured Stock to See: Apple Inc. (AAPL)

    Featured Stock to See: Apple Inc. (AAPL)

    The Company's principal business activity is the ownership, management and development of income-producing properties. The Mcrae Capital Management Inc holds 26,709 shares with $3.85 million value, down from 30,333 last quarter.
    Turkey arrests US Embassy employee, issues arrest warrant for another

    Turkey arrests US Embassy employee, issues arrest warrant for another

    It said the measures would apply to e-Visas, visas issued at borders and visas in passports. Washington condemned the move as baseless and damaging to bilateral relations.