Russia is the fifth most popular cryptocurrency in the world

Photo: Fotolia / Photoxpress



Despite the fact that the Central Bank of Russia considers the use of cryptocurrencies in the country illegal, the Russian Federation is the fifth in the world in the use of bitcoins. The first three places in the ranking of countries by the popularity of working with cryptocurrencies are occupied by the United States, China and Germany, according to Vedomosti. Bitcoins and other cryptocurrencies have about 200 thousand users from Russia.



Some government services and departments of the Russian Federation believe that the use of cryptocurrency is a potential danger for the financial market, and propose to prohibit bitcoins and analogues. Other organizations adhere to the opposite opinion, considering that cryptocurrencies are useful, and you just need to adjust the mechanisms of legal regulation of the turnover of so-called monetary surrogates.



By the way, the Central Bank and the Prosecutor General’s Office declared the Bitcoins a “surrogate” back in 2014. The other day, the Central Bank has confirmed its position - the regulator is against cryptocurrency, but at the same time it supports blockchain technology. The Investigative Committee of the Russian Federation believes that cryptocurrencies threaten the country's financial market.

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“The key problem that the authorities see is the lack of user identification. The first step is to solve it in order to move further in the regulation of cryptocurrency. In our project to launch bitrubles, we mean an identification system, ”commented Alexey Arkhipov, director for development of cryptotechnologies at Qiwi.



At the moment, the market capitalization of all cryptocurrencies is $ 7.4 billion (according to Cryptolization). The main share belongs to Bitcoins.