Kazakhstan: Bitcoin may threaten country’s economic stability

Kazakhstan: Bitcoin may threaten country’s economic stability

Kazakhstan’s Vice Minister of Finance, Ruslan Dalenov, told local news agency Tengrinews that Bitcoin could undermine his country’s position in the global financial system. “People transfer this digital money to each other by just clicking a button, without having to use any bank services or pay remunerations for the transactions,” Dalenov said. “Imagine large corporations switching to cheap digital transactions; this would leave the bankers seeking another job.” While the vice minister did accurately illustrate one disruptive innovation Bitcoin could provide, it was not clear from the....


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Quotes

It [Bitcoin] can only go UP UP UP!

Bruce Wagner, American novelist & actor