Russia Warns About MMM Collapse In China
Yury Chikhanchin, the Director of the Federal Financial Monitoring Service in Russia warned about the future collapse of the MMM Pyramid Scheme of Sergei Mavrodi in China. Mr. Chikhanchin explained the risks at the conference "Risks and Challenges for the economies of the BRICS", wrote TASS. Yury Chikhanchin commented: According to Mr. Chikhanchin, the low level of financial literacy within the population often leads to the growth of economic crimes and frauds. However, he believes that this is a problem not only for developing countries but also for mature economies. "From the media, we....
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Discussing the latest macroeconomic developments and how they relate to Bitcoin, including an IMF warning of imminent collapse.
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