Russian president Putin says crypto ‘has value’

15 Oct 2021, 07:37 · Views 117

Russian President Vladimir Putin said cryptocurrencies have value, but they can’t be used to settle oil trades yet.

“Cryptocurrency is not backed by anything yet,” Putin said during a CNBC interview at the Russian Energy Week event on Wednesday.

“It exists and may be used as means of payment, but to use it in trading in oil or other energy resources — it’s too early to talk about this,” Putin said. “It is very unstable.”

Russia is rolling out its own central bank digital currency, or CBDC. In June, Bank of Russia named 12 banks that will be involved in the initial testing of the digital Ruble. The central bank plans to create a prototype of digital Ruble by December this year.

The top cryptocurrencies are mostly trading in green on Thursday. Bitcoin BTCUSD, -0.30% is trading at $57,796, up 4.8% over the past 24 hours. Ethereum ETHUSD, +0.72% recorded an 8% gain over the past 24 hours, recently trading at $3,755. XRP XRPUSD, +0.10% went up 4.1% over the past 24 hours, trading at $1.14.

Dogecoin DOGEUSD, +0.20% rose 6.1% over the past 24 hours, trading at $0.24. Polkadot DOTUSD, +1.31% rallied 19% over the past 24 hours, trading at $41.4.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.

Russian president Putin says crypto ‘has value’

Hot

Content related