Crypto Too Risky for ‘Most’ Russians, Says Finance Ministry – But Could Be ‘Suitable’ for ‘Some’
Crypto is too risky
for “most” Russians, the nation’s
Finance Ministry has claimed. But the ministry claimed tokens could be
“suitable” for “professional investors.”
Per the media outlet
Nizhny Novgorod, the comments were made
by Ivan Chebeskov, the director of the ministry’s financial policy department.
Chebeskov said that most Russians should not
“consider cryptocurrencies” to be a “form of savings.” He called tokens
“high-risk financial instruments.”
But
the policy department did not back a ban on crypto, or suggest that all Russians shun tokens.
Instead,
Chebeskov claimed that coins were only
“suitable for citizens who already invest in” assets like “securities and real estate.”
Chebeskov said that “a certain amount o
f risk still remains” for crypto
investors.
He claimed that “the volatility of cryptocurrencies
can reach the 100-200% mark.”
