Kazakhstan Central Bank Could Ban Bitcoin to Protect Bankers

Kazakhstan Central Bank Could Ban Bitcoin to Protect Bankers

Kazakhstan's Central Bank Governor, Kairat Kelimbetov, has indicated in public comments that the National Bank of Kazakhstan could move to classify bitcoin as a ponzi scheme this year. The remarks were issued on 4th February at a press conference, according to Tengrinews.kz, an English-language news site based in Kazakhstan. There, Kelimbetov suggested that the Finance Ministry of Kazakhstan is studying bitcoin, but has yet to determine a formal stance on the virtual currency. "The issue is rather complicated. Some claim the currency is a good tool of money laundering and an absolute evil.....


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Quotes

Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.

John Battelle