Putin warns of high risks in cryptocurrencies

President of the Russian Federation Vladimir Putin touched on the topic of digital currencies at the plenary session of the investment forum “Russia Calls.” reports Life.

In the president’s view, the crypto market currently carries significant risks.

“As for cryptocurrency, in some countries it is prohibited. It is not backed by anything, volatility is high, risks are high. I also believe that we should heed those who talk about high risks,” Putin noted.

The Russian president did not rule out that digital assets may have a future, but for now close attention must be paid to how the process develops.

Earlier, Vladimir Putin allowed the use of cryptocurrencies as a means of settlement and store of value.

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