Mikhail Mishustin: "Cryptocurrencies and digital assets threaten the financial system"

During a speech at a meeting of the Valdai discussion club, Russian Prime Minister Mikhail Mishustin said, that cryptocurrencies can threaten the state and the banking system.

“To date, cryptocurrencies, All digital derivatives, financial assets, which the young generation actively uses, gives a threat as central reserve systems, central banks, and financial institutions ", - said Mishustin.

In addition to the threat of digital assets, The Prime Minister also noted the threat from large digital companies, which have access to a huge amount of data. The official believes, what to combat such threats, It is necessary to develop the paradigm "State as a digital platform", Moreover, "in the good sense of the word."

"We very seriously assess the need for digitalization and is constantly working on it", - said Mishustin.

According to the World Gold Council, Cryptocurrencies have become very popular among investors from Russia. At the moment, this is the fifth most popular tool for investment among Russian citizens, moreover, Golding around this indicator.