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The statement of the Minister of Finance was preceded by long months of fortune-telling about the fate of the crypto currency in India, which became home to many traders and investors. Every tenth bitcoin-transaction in the world takes place in India.

In recent months, the government and the Reserve Bank of the country have repeatedly expressed dissatisfaction with bitcoin and other crypto-currencies. At the end of last year, the Ministry of Finance called them a financial pyramid.

Nevertheless, the government of Narendra Modi announced the creation of a committee to understand the potential application of crypto-currency and analyze regulatory measures in other countries.

Modern payment means have the same value (depending on the denomination of banknotes). With gold, everything is different, its value may differ depending on the purity of the metal, its content in coins and age. For example, the content of gold in a coin or a piece of jewelry can be equal to 90% or 100%. Old, "seen" coins or jewelry is much more expensive than brand-new "coins". Separate parts of gold in aggregate are more expensive than a single piece. So, ten coins, costing 1/10 ounces, will cost more than 1 coin, worth 1 ounce.

With Bitcoin, there are no such problems. Each individual coin is equal in value to another. Several parts of the same coin are equal in value to the whole Bitcoin.

Bitcoin definitely has an advantage over this indicator.

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Change is an important thing, but they are difficult to bring to life. Any changes encounter resistance, which is proportional to their strength. Bitcoin forever intends to change the monetary system. And it is natural that there are people who are going to resist this, believing that states should manage the economy, and the new monetary system is meaningless and harmful.

Dorlan Francis, an independent financial consultant and author of the book Economic and Financial Crisis of 2007, recently wrote an article in which he urged to limit Bitcoin and other crypto-currencies working in a similar way. He also criticized the Bank of Jamaica for wanting to start regulating Bitcoin's local exchanges.

By the time as the Ministry of Finance changed their minds, the blockade had influential supporters among Russian statesmen. As the interlocutors of Medusa say, Vnesheconombank Chairman Sergey Gorkov became seriously interested in the first technology, he took the topic of the president of Sberbank German Gref - and through Gref, First Deputy Prime Minister Igor Shuvalov became interested in crypto-currencies. They became the main crypto-enthusiasts in power.