Medvedev compared cryptocurrencies with speculation [↻60%]

Medvedev compared cryptocurrencies with speculation

The fate of cryptocurrencies is not clear, now it is a continuous speculation, said Prime Minister Dmitry Medvedev.

"The fate of the crypto-currencies we do not understand. This is the reason for the high degree of volatility of such currencies, that is, the fall and rise in the exchange rate of these currencies. Because to them there is no trust, it's an infinite set of speculation," — said Medvedev in interview to TV channel "Russia 24" on the sidelines of a Russian investment forum.

According to him, there are different opinions about whether cryptocurrencies will remain or disappear, but the technology of blockchain — distributed data registry — regardless of the fate of cryptocurrencies "will remain accurate".

"And this (#blockchain) is very useful for humanity and should be used in our country," Medvedev said.