Chairman of the Board of VTB: «Bitcoin is doomed, and miners are counterfeiters " – Bits Media

Andrey Kostin, Chairman of the Board of VTB Bank, said, that despite the growth of bitcoin, he is doomed to fail, and Kostin called cryptocurrency miners "counterfeiters".

The chairman of the board of VTB said this during a discussion at an online conference, dedicated to investments and modern banking trends. Despite the rapid growth of bitcoin in recent months and his attempt to stay at the level $60 000, The future of bitcoin will not be so "rainbow", Kostin said.

According to him, Any digital currencies, Regardless of their course and user trust, In the future, they are doomed to failure. Government and financial regulators will not allow any asset to exist without supervision, especially if such an asset is used to perform payment transactions. As for Bitcoin mining, Kostin compared this industry with the manufacture of fake coins, What not a single state will put up with.

Nonetheless, The Chairman of the Board of VTB sees great potential in digital currencies of central banks. Many central banks began to study in detail the possibility of launching their own stablecoin. People's Bank of China (NSC) He tested digital yuan in different cities several times several times. Besides, At the beginning of the year, testing of a hardware wallet for a digital yuan was launched in China.

Kostin praised the experience of the Chinese authorities regarding digital currency. Considering, that the modern world is becoming more and more digital, Sooner or later, all central banks will launch state digital currencies, Added by the chairman of the Board of VTB.

“Many countries, Including Russia, Entered the path of creating their own digital currencies, And followed by a great future. This trend is inevitable ", - said Kostin.

Last fall, the Bank of Russia began a public discussion of the release of a digital ruble and possible scenarios for its use. VTB leadership supported this initiative, But on condition, that calculations with a digital ruble will be carried out through the Central Bank of Russia. However, in this case, there are fears, that the regulator will take over all banking functions, What will lead to outflow of money from commercial banks.

Later, the chairman of the Bank of Russia Elvira Nabiullina said, that the digital ruble will not affect rates on loans and deposits in Russia, And the banking sector will not suffer from liquidity deficiency.

Kostin recently expressed concern, that due to excessive regulation of the Russian stock market, investors can go to Bitcoin and other less transparent products.