Leonid Levin: «cryptocurrency is candy wrappers»

The head of the Duma Committee on information, information technologies and mass communications Leonid Levin called cryptocurrency wrappers, based on the belief in a software able to multiply.

«We have no ban for citizens for the purchase of a particular currency. Another issue is that you have to buy? You buy, in fact, wrappers. You buy into a faith that can save money, can increase. But if you can lose, and nobody carries a guarantee for securing such funds that you have placed,» said Levin during a press conference.

According to the President of the Russian Association of cryptocurrency and blockchain (RAKIB) Yuri Pripachkin, this skeptical attitude of legislators towards cryptocurrencies, unfortunately, preconceived opinions. He expressed hope that the adoption of the law on the regulation will change their view on cryptocurrencies.

«There is a preconceived attitude towards cryptocurrencies as volatile speculative instrument, which does not correspond to what they are intended. Therefore, I believe that legislators will deal with this. We hope that the draft law in the second reading, be considered cryptocurrency is legal and legitimate for the interests of our country and citizens,» Pripachkin said.

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