Finance Minister Anton Siluanov urged young people not to invest in cryptocurrencies, but to try their hand at the stock market. The use of cryptocurrency is justified in international payments, and there are many other opportunities for investing in Russia, Siluanov said, speaking at the educational marathon for young people “Knowledge. The first” in Moscow, reports RBC Crypto.
According to the minister, a legislative decision was made to legalize mining because there is a lot of electricity available in the country. And in the context of restrictions on settlements in unfriendly currencies and through unfriendly banks, the use of cryptocurrencies in payments for imports and exports has become justified, since they can be worked with bypassing the banking sector.
At the same time, Siluanov suggested that young people think about a long-term savings program or try investing in the stock market.
According to a new study by NAFI, which assesses the financial literacy of the Russian population, difficulties in determining the relationship between risk and profitability are experienced primarily by young people (27%). The study also showed that 13% of respondents are prone to significant risk, of which 37% are people under the age of 24.
This is not the first time that the Finance Minister has called on young people to be more careful when investing in cryptocurrencies. At a meeting with university students, he previously compared investing in cryptocurrency with slot machines.
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Source: Cryptocurrency
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