Russia’s Central Bank Is Also Skeptical of Cryptocurrency
- Central bank not convinced digital currencies are a good idea
- JPMorgan CEO Dimon says bitcoin ‘worse than tulip bulbs’
Elvira Nabiullina at the 15th International Banking Forum in Sochi on Sept. 14, 2017
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Russia’s central bank shares JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon’s skeptical view of cryptocurrencies and initial coin offerings, signaling that not all Moscow authorities are convinced the new technology is a good idea.
Whether Russia should legalize cryptocurrencies remains a big question, Governor Elvira Nabiullina said Thursday at a banking congress in Sochi. At the same event, her deputy warned of a pyramid scheme, invoking China’s decision this month to issue a blanket ban on ICOs.