How are opinions of world leaders on Cryptocurrencies?

How are opinions of world leaders on Cryptocurrencies?

Crypto-financial revolution is here and world leaders have different opinions on it. Some are unclear, ambiguous, some like blockchain but not Bitcoin or even talked about state cryptucurrencies. Several leaders changed their opinions during last years and some are welcoming this new technology which will change world more how people are expecting. There are some quotations of world leaders about CCs:

White House press secretary Sarah Sanders:

“I know it’s something that [Trump’s] keeping an eye on.”

The U.K. Economic Secretary to the Treasury, Stephen Barclay:

“We are working to address concerns about the use of cryptocurrencies by negotiating to bring virtual currency exchange platforms and some wallet providers within anti-money laundering and counter-terrorist financing regulation.”

French President Emmanuel Macron:

“I’m in favor of the IMF [International Monetary Fund] having the mandate to police the entire global financial system, of which whole areas escape regulation. Such as Bitcoin, cryptocurrencies or shadow-banking.”

Malta’s prime minister Joseph Muscat:

“The rise of cryptocurrencies can be slowed but cannot be stopped. Some financial institutions are painstakingly accepting the fact that the system at the back of such transactions is much more efficient and transparent than the classical ones.”

Chinese president President Xi Jinping:

“The new generation of information technology represented by artificial intelligence, quantum information, mobile communication, [the] internet of things, and blockchain is accelerating breakthroughs in its range of applications.”

Chinese finance minister Kim Dong-yeon:

“Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and, as such, the ministry will take a cautious approach in regulating the cryptocurrency market. For negative use cases of cryptocurrencies, the ministry will impose strict regulations.”

South Korean prime Minister Lee Nak-yeon:

“There are cases in which young Koreans including students are jumping in to make quick money and virtual currencies are used in illegal activities like drug dealing or multi-level marketing for frauds […] This can lead to serious distortion or social pathological phenomena, if left unaddressed.”

President of Russia Vladimir Putin:

“The global economy’s transition to a new industrial order is underpinned by the development of digital technology. We believe that the G20 could take on a leading role in shaping international regulations in this area.”

“The relationship of the Central Bank of the Russian Federation to cryptocurrency [is that] it considers cryptocurrency neither a means of payment nor a store of value. Cryptocurrency is not backed by anything. One should treat it cautiously, carefully.”

Venezuelan president Nicolas Maduro:

“Petro would advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade.”

Venezuelan cryptocurrency superintendent Carlos Vargas:

“It is an activity that is now perfectly legal […] We have had meetings with the Supreme Court so that people who have been victims of seizures and arrests in previous years will have charges dismissed.”


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