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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The vice-minister of finance of Kazakhstan isn't too fond of bitcoin. The official, Ruslan Dalenov, offered a statement to a publication that sounded more like an advertisement than it did a warning: "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. The transfers are instant and almost completely free of charge. Imagine large corporations switching to cheap digital transactions, this would leave the bankers seeking another job. Dalenov thinks the widespread use of bitcoin could....
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