Senior Official in Russian Parliament Says That Cryptos Can Ruin Governments

A senior official in Russia’s parliament, the State Duma, has argued that cryptocurrencies have the potential to ruin governments. Nikolai Arefiev, a member of the Communist Party of the Russian Federation and vice-chairman of the Duma committee on economic policy, innovative development, and entrepreneurship, claimed that cryptocurrencies were created in order to hide large offshore assets from the government and argued that cryptos were created to hide money from the government.

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