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The Ministry of Finance of the Russian Federation no longer considered cryptocurrency pyramid scheme

The cryptocurrency market never takes the warning signs of a financial pyramid, said in his speech at the annual Gaidar forum, Minister of Finance of Russia Alexey Moiseev. The official drew attention to the point that the anonymity of cryptocurrency transactions, blockchain is an illusion.

“A pyramid scheme is an element of (cryptocurrency — approx. ed.), what I was talking about, for which I was ostracized. But I think it (financial pyramid) was, and now signs that it is, in my opinion, no,” said Moses.

Earlier, Prime Minister of Russia Dmitry Medvedev advised not to bury digital money, and continue to monitor their development. In addition, the rector of Ranepa Vladimir Mau suggested that the crypto currency can replace the dollar.

“I think cryptocurrencies have a future. To some extent this can become a form of realization of forecasts the right-wing liberals (Hayek and others) who about a hundred years ago said that the most effective will be private money. Of course, they were conceived in a different form, but the cryptocurrency is also private money, based on trust and a set of technologies,” said Mau.


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