[Blockchain Today Reporter Ji-eun Lee] The new Ukrainian Finance Minister mentioned the government’s plan to regulate its own cryptocurrency market, and said, “I think it’s promising,” although he has doubts about what is’backing up’ cryptocurrencies. Cryptonews reported this.
Reportedly, recently appointed Minister Serhiy Marchenko told 24 Novosty that “the digital innovation minister wants to regulate the cryptocurrency market,” he said, “it could become the international currency of the future.” Conveyed the thoughts of.
He said, “The story of cryptocurrency has a bright prospect. The only problem is that I didn’t fully understand the background of cryptocurrency. This background is provided only by the virtual demands of various sectors within the industry. It is not supported by economy, production, assets, or capital. Unlike securities, bonds and derivatives that are backed by collateral assets, cryptocurrency is not an asset in its purest form.”
“It will require an in-depth understanding of the cryptocurrency market to measure whether tokens can be used for future calculations,” he added. “Unfortunately, I am not a cryptocurrency expert.”
The new head of the economy, he talks about the possibility of using cryptocurrencies in financial calculations, and argues that its potential role is, on the one hand, a rather interesting and promising story.
Minister Marcos concluded that “the value of cryptocurrencies, in terms of tools for investments, assets and means of storing value, should be made at your own discretion,” he concluded, recommending investing carefully.
Marco, 40, is Europe’s youngest finance minister, serving as a finance vice-minister between 2016 and 2018, but has been working for tax and finance government departments since 2002.
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