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Russians need a fundamental analysis of cryptocurrency projects in order to fundamentally change their attitude towards technology and the innovations it brings. This was stated by the head of the Ethereum Foundation competence center Vladislav Martynov at the RBC conference.
According to him, today most residents of the Russian Federation are familiar with the concept of cryptocurrencies, but most often they hear about them in a negative context, that this is a “pyramid, fraud and an incomprehensible muddy scheme.”
“So far, people do not understand that it is impossible to build a digital economy and pursue any digitalization strategy without blockchain, cryptocurrencies, decentralized finance and tokenization,” Martynov said.
He explains this by the fact that the media, as a rule, focuses on short-term news background or technical analysis in the perspective of a couple of weeks.
“We need to focus on a more fundamental analysis: what is the product idea behind a particular project. Right now, Web 3.0 is being formed and the new Amazon and Google are emerging. It is interesting to look at the market through the prism of how the business models of most industries will change due to the introduction of blockchain and cryptocurrencies,” the expert said.
The regulator, for its part, must provide citizens with transparent regulation with an unambiguous interpretation. At the same time, positive international experience in this matter should be taken into account.
“The report of the Central Bank of the Russian Federation contains many inaccuracies, factual and logical conflicts. For example, it is said that crypto exchanges are bad, although today centralized platforms are essentially no different from stock exchanges,” explained Vladislav Martynov.
He also recommended that the authorities not miss the “gold mine” that mining could become for the Russian Federation, especially given the existing untapped energy capacities in the country.
Recall that last week the Bank of Russia brought up for discussion the issue of a complete ban on mining and circulation of cryptocurrencies in the country. Later, the State Duma called for a transition to strict control of this market. In turn, MP Anatoly Aksakov said that the legalization of mining can bring obvious benefits to the Russian economy.
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