Time to accept that virtual currencies are here to stay

-- RT (@RT_com) Gref said at a meeting of the Russian entrepreneurs association.According to Gref, individuals have accepted the presence of digital currencies, like bitcoin and ethereum.-- RT (@RT_com) August 30, 2017"Protectionism is just the very first response of the state. Nevertheless, both

the institution of private money and the states, which will attempt to alter the way currency is provided, will eventually find a location for cryptocurrencies in the economy," the Sberbank CEO said.Gref said it would take some time to understand that virtual loan is here to remain, and encouraged not to prohibit it. The banker added that blockchain is an enormous chance for companies, consisting of small business.--. RT (@RT_com) October 24, 2017 Russian officials are split over the cryptocurrency problem with the nation's finance ministry limiting trading of bitcoin for ordinary individuals, calling it a"pyramid plan."The Moscow Exchange began developing a mechanism that would allow trading both cryptocurrencies themselves and their derivatives for" competent investors. "-- RT( @RT_com)

November 16, 2017 The Reserve Bank of Russia called for stricter guideline as its chief, Elvira Nabiulina, once explained digital currencies as"monetary pyramids

."She also warned of cryptocurrencies' confidential nature that permits them to be utilized for prohibited activity and terrorism.Aleksey Kudrin, the head of the Russia 's Center for Strategic Research Study(CSR)and( previous financing minister, compared cryptocurrency trade to a casino, where you can both win or lose

. Cryptocurrencies have now end up being a part of everyday life, and the worst thing we could do is to forbid or disregard them, said Herman Gref the head of Russia's biggest lender Sberbank.