Russian President said that virtual money could exist as a means of payment, but it was too early to talk about using it for petroleum transactions ... Russian President Vladimir Putin - Photo: Getty Images in the event framework Russian Energy Week is taking place in Moscow, on October 14, when asked about whether the bitcoin or some virtual money can be used as a means of payment instead of the dollar to trade mines Whether or not, Russian President Vladimir Putin believes that virtual money can be valuable but cannot replace the dollar. "Virtual money has not been supported by anything
. Virtual money can exist as a means of payment, but I think it's too early to talk about using it for oil trading, "Russian President shares the perspective. The Russian leader said the training activity Virtual money consuming a huge amount of energy is also a barrier to the application of virtual money. In particular, the Bitcoin co-owner needs a large computing energy to handle transactions and mining
However, at the event, Putin did not evade when talking about Russia's efforts to get rid of dependence on USD in trade. "I think the United States has a big mistake when using the dollar as a tool to prohibit the embargo. We are being forced and have no choice but to switch to transactions with other currencies, "Russia said. "It can be said that the US is 'breaking his rice bowl'. The dollar is a US competitive advantage, which is a global reserve currency, but the US is using it to pursue political goals. As a result, this harms the strategic interests and their economy. "It before a few months, Russian Deputy Prime Minister Alexander Novak, once imply that Russia could avoid crude oil contracts in USD if The US continues to impose economic sanctions. In June, Russia announced that it would withdraw assets in dollars from their national investment fund. In another development, on October 14, Deputy Governor of the British Central Bank (BOE) Jon CunLiffe Warning that virtual money can spark a global financial crisis unless there are more stringent monitoring regulations. Cunchliffe also acknowledges that governments and supervisory agencies need to be cautious to not take Out of "too hands" moves or watching new things like virtual money is "dangerous" only because they are different, to avoid creativity
He said virtual money technology provides the prospect of "basic improvement" of financial services. "The risks that virtual money set for financial stability at this time is still low, but the apps Existing use of numerical assets poses a concern about financial stability, because most of the current virtual money is not really valuable and very easy to fall into strong price adjustments, "Mr. CunLiffe said. Sacred -
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