Cryptocurrencies may disappear in a few years, Medvedev said

© RIA Novosti / Dmitry to Attachability in photobacteria-Minister Dmitry Medvedev speaks at the plenary session of the Gaidar forum. 16 January 2018Cryptocurrencies may disappear in a few years, Medvedev said© RIA Novosti / Dmitry attachability to the photobank

Cryptocurrency are the new challenge for governments and business, they can disappear in a few years, but the blockchain technology has a chance to become an everyday reality, as happened with the Internet, says Prime Minister Dmitry Medvedev.

In his speech at the Gaidar forum, he noted that theorists have predicted the emergence of cryptocurrencies in the middle of last century.

«However, this is a new challenge for governments and for business. And, by the way, for experts,» — said Medvedev, noting that the approaches to cryptocurrency range from restrictive to liberal.

«And today, all concerned with the question: where is the limit of this «cryptocurrency race»? Actually, maybe it’s a dead-end branch of cyberrevolution? After all, we cannot completely exclude that will not be repeated scenario of the beginning of 1990-ies, when there are plenty of companies on the basis of an emerging Internet, and in the early 2000s, these companies largely disappeared from the market. But technology itself — the Internet is not only preserved, but also plays in our lives now the key. Similarly, a few years may disappear and cryptocurrency, and the technology on which these cryptocurrencies are developing, I mean the blockchain will become a part of everyday life. This scenario is also not excluded», — said the Prime Minister.

Medvedev believes that cryptocurrencies can disappear within several years.

— Kremlin RIA Poole (@Kremlinpool_RIA) 16 Jan 2018

The Agency «RIA Novosti» media group «Russia today» is the official news Agency of the Gaidar forum — 2018 «Russia and the world: aims and values». The forum organizer — the Russian Academy of national economy and state service under the President of Russia (Ranepa).