Billionaire Criticizes Regulator For Inaction On The Cryptoasset Market
Russian billionaire Oleg Deripaska (Forbes estimates his fortune at $ 5.1 billion, since 2018 Deripaska has been under US sanctions) criticized the Central Bank for allegedly "infantilely closing its eyes to the growing cryptocurrency market." As an argument, the billionaire cited the actions of the US Treasury, which, according to him, is investing in the crypto industry.
“Overseas have long understood that uncontrolled digital payments can not only negate the effectiveness of the entire mechanism of economic sanctions, which the authorities have been betting on for 20 years in a row, but also bring down the dollar as a whole,” Deripaska said.
The billionaire referred to the US Treasury Department's sanctions review . In the document, the regulator claims that the growing possibilities of financial technologies, including those based on cryptocurrency and alternative settlement systems, pose a serious threat to the dollar.
According to Deripaska, this means that the development of the cryptocurrency market uncontrolled by the state can put the US Treasury in front of the prospect of a default on a debt of $ 30 trillion, which will require $ 700 billion to service.
“I wonder if you read this document at the Bank of Russia? Or do they work on the principle that what we do not see does not exist? – he sneers.
Earlier, Deripaska has repeatedly criticized the policy of the Bank of Russia in relation to digital assets. For example, the billionaire argued that the regulator should have issued the digital ruble two years ago, since it is "more important than Gagarin's flight into space in 61st."