Russian economist: no matter what action the central bank takes, cryptocurrency will not be completely eliminated

It is reported that Nikita Maslennikov, a famous Russian economist, believes that the central bank will ultimately determine the fate of cryptocurrency, even if they do not currently “give priority” to the regulation of the industry. Cryptocurrency regulation has become a problem in many countries. However, the central bank does not consider cryptocurrency regulation as one of their main tasks. Both Russia and China have taken a “tougher stance” on cryptocurrencies. China has banned most activities related to encryption, including mining and trading cryptocurrencies. The Central Bank of Russia has also proposed a comprehensive ban, although other government agencies have adopted more advanced methods. The United States has so far adopted a more moderate regulatory approach. Nevertheless, the future of cryptocurrency is still related to the central bank’s supervision of the market.

Interpretation of this information:

The fate of cryptocurrency ultimately lies in the hands of central banks, according to Russian economist Nikita Maslennikov. Despite many countries struggling with cryptocurrency regulation, central banks do not prioritize it as a main task. Russia and China have taken a tough stance, with China banning most cryptocurrency-related activities and Russia proposing a comprehensive ban. The United States has taken a more moderate approach. However, regardless of the approach, the future of cryptocurrency is tied to the central bank’s supervisory role.

Analysing the given message, it is important to understand how cryptocurrency has been regulated so far. The regulation of cryptocurrency has posed various challenges to different countries. Russia and China have taken strict action, while the United States has adopted a moderate approach. However, this message argues that cryptocurrency’s future will be determined by central banks, who currently do not prioritize the regulation of cryptocurrencies.

Although the current stance of central banks to regulate cryptocurrency appears unclear, Russian economist, Nikita Maslennikov, believes that the central bank will ultimately be the determinant of cryptocurrency’s fate. This indicates that despite the current situation, it is likely that central banks will eventually take steps to regulate cryptocurrency, which will significantly influence and shape its future.

In summary, this message suggests that cryptocurrency regulation is a problem in many countries, with different countries adopting different approaches. The central banks do not currently prioritize the regulation of cryptocurrencies. However, Nikita Maslennikov believes that they will determine the fate of cryptocurrency in the future. The three keywords that summarize this content are Cryptocurrency, Central banks, and Regulation.