Gref called for the introduction of careful regulation of bitcoin

© RIA Novosti / Alexei Codecoverage in fotoreceptor of the Board of Sberbank of Russia German Gref. Archival photoGref called for the introduction of careful regulation of bitcoin© RIA Novosti / Alexei Codiscovered the image Bank

More and more countries open their markets to cryptocurrencies, and in Russia too it is necessary to introduce accurate regulation of bitcoin, as it provides tremendous opportunities, said the head of Sberbank German Gref.

The Chairman of the Central Bank Olga Skorobogatova in may reported that the Bank of Russia in a month will represent a variant of normative documents on taxation of cryptocurrencies, including bitcoin, as a digital product. Now in Russia there is a ban on production of money substitutes.

«Legally necessary to form our attitude towards cryptocurrencies. We see that more and more countries enter the club that opens its markets for cryptocurrencies. The last country was Japan. I think including it was a factor that influenced the exchange rate of bitcoin,» said Gref in an interview with TV channel «Russia 24».

«I think this kind of technology should try to develop, realising their strengths and weaknesses, start them very gently adjusted, but in any case not to ban… It leads to that then the country lags behind for decades in the development of very promising technologies,» — said the head of Sberbank.

«And the legislator must, of course, with the filing of the government very clearly formulate their attitude, and in any case not to prohibit at least the experiments on this subject. And technology of the blockchain is one of the applications and cryptocurrency, which give tremendous opportunities,» added Gref.

The exchange rate of bitcoin against the dollar has historical records. During the year the exchange rate of bitcoin has grown about 5 times. In the course of trading on 25 may, the cost of bitcoin trades on electronic exchanges Kraken exceeded 2.7 thousand dollars and climbed to a historic high in 2722,24 dollars per bitcoin, and then decreased a little. On Tuesday, as at 14.41 GMT bitcoin exchange rate rising by 2.79% to $ 2308 for bitcoin. The strengthening of the exchange rate of bitcoin to the dollar contributes to an increase in trading volume in Japan, which in April declared the cryptocurrency legitimate payment method.