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Aleksey Muratov: High rate of Bitcoin talks about stabilizing on cryptocurrency market

For two days Bitcoin course on a number of exchanges held at around $ 1,100. According to Chairman of the Board of the International Public Movement Change the World Together Aleksey Muratov, the last time we could see such cryptocurrency course in early January of this year.

In particular, he noted that the price of Bitcoin on Bitfinex exchange on February 21 and 22, at the level of $ 1,100 and the trading moves in the $ 1111 area. "According to Bitcoincity, the largest volumes of trade transactions were recorded on BitFlyer, Bitfinex and OKCoin for the last day. It is difficult to predict now how long such a high rate will hold on exchanges, I would rather regarded as stabilizing on the cryptocurrency market," Aleksey Muratov stated.

In addition, Сhairman of the Board of CWT drew attention to the results of the first independent Russian-language study on the legal regulation of cryptocurrency and crypticurrency business in Australia, the UK, Hong Kong, the European Union, Canada, China, Latin America, Russia, USA, Ukraine and Japan, which was published on February 21. "It should be noted that regulations of state regulator for e-currency and other legal regulations have been analyzed in the report. Thanks to conducted analysis, the representatives of cryptocurrency business got the most complete picture of the main aspects of legal regulation, taxation and possible responsibility for carrying-out of cryptocurrency activities in these countries," Aleksey Muratov said.

Besides of studying the legal documents, the experts took into account the official and unofficial statements by representatives of the authorities. "Even unofficial statements by representatives of the National Banks, the Parliament and Government should be taken into account working with electronic money, because it allows to determine the trend of possible change of rate regulation," Aleksey Muratov expressed confidence.

He also drew attention to the conclusions that the researchers had made. "I completely agree with the fact that a hard state control over cryptocurrency turns the decentralized idea into a fiction. We can observe it in the example of China, where the pressure from the regulator has led to a significant outflow of electronic currency to other Bitcoin exchange including Japanese. In my opinion, the role of regulator is to prevent speculation and fraud. Just for this it is necessary to create a competent legislative and regulatory framework and expert assessment of cryptocurrency and exchanges," Chairman of the Board of Change the World Together resumed.

Source: CWT News

  • February 25, 2017 3:23 PM MSK