In a turn of events, Russia’s deputy minister of finance Alexey Moiseev has claimed bitcoin is akin to a high-risk “financial pyramid,” hence requiring tight regulation.
The Ministry of Finance is in discussion with Russia’s central bank and the Moscow Stock Exchange about such regulation, said Moiseev in a TV interview with Russian channel Rossiya 24.
The authorities consider excluding private investors from transactions, allowing “only qualified investors to buy and sell [bitcoin] on the exchange,” according to Moiseev.
Russian authorities consider keeping Bitcoin away from the publicRead More
