Extensive use of bitcoins and other virtual currencies could pose a threat to the state's financial stability unless restricted, Russia's Investigative Committee Chairman Alexander Bastrykin said Thursday.
MOSCOW (Sputnik) — Bitcoin, a popular virtual web-based currency, has appreciated against the Russian ruble, rising in value from approximately 30,000 rubles ($392) to almost 33,000 rubles by mid-January, according to CoinDesk. Its value remains volatile against most currencies.
http://sputniknews.com/business/20160114/1033148273/bitcoin-financial-stability.htmlIt is countries which are unsure about the strength of their currency that are afraid of bitcoin.
The Russian rouble was one of the worst performers in 2014-15, hit by sanctions against Russia and the falling crude price.
