Putin: Russia must not be enslaved by foreign digital platforms - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Putin: Russia must not be enslaved by foreign digital platforms

MOSCOW, Jan 12 (PRIME) Russia, which is perfectly able to create its own digital platforms, must not be enslaved by foreign floors, President Vladimir Putin told heads of local mass media late on Thursday.

These platforms are created in the U.S., Europe creates unified European platforms. Were working on formation of a single platform in the framework of the Eurasian Economic Union, Putin said. The union comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.

It must be done and done on a fair basis, sharing risks and directions of activities between all the participants so that we would not become slaves to the existing platforms, but have those of our own. We can do that.

Sberbank, the countrys biggest bank, has advanced much in this direction, the president said, adding that his administration and at the government also work on the problem.

Putin also said that the government will be in charge of the situation with cryptocurrencies in case of legal regulation of the matter, while all risks are currently borne by people.

If we regulatethe government will carry all the responsibility for the difficult situation people could get into. Now its mainly the responsibility of people themselves, the president said.

The Finance Ministry plans to submit to the State Duma, the parliaments lower house, a bill to regulate digital financial assets, including cryptocurrencies, in February.

Putin said that the government could now only stipulate what is permitted and what is not in cryptocurrencies, and problems will emerge in case of any inaccuracy.

There should be no haste in speaking about the necessity or opportunity of adopting a law on digital technologies since experts must elaborate the issue in detail, but any overregulation limits freedom of business, restrains it, sometimes fairly, although restrictions must be lifted duly, as Putin said.

The government should not let the situation with cryptocurrencies repeat the case of hoodwinked investors.

The central bank is approaching the matter very cautiously, because fluctuations are colossal, as they jump up and down. Today, youve become rich and pumped everything there, but tomorrow, youll lose everything, the president said.


12.01.2018 11:44
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.6377 -0.5914 20 jun
USD 63.9794 -0.3558 20 jun
Stock Market Indices
1D 1W 1M 1Y
rtsi 1361.14 +0.14 18:50 19 jun
micex 2759.12 -0.09 18:50 19 jun
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 232.46 +0.14 18:49 19 jun
lkoh 5245.00 +0.29 18:49 19 jun
rosn 409.25 -0.60 18:47 19 jun
sber 240.40 -0.58 18:49 19 jun
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9100 -0.1800 14:59 19 jun
USDTD 64.0275 -0.1200 17:44 19 jun