Ramzan Kadyrov spoke about his investments in bitcoin

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The head of the Chechen Republic, Ramzan Kadyrov, talked about his cryptocurrency investments and his desire to improve along with the changing world of technological innovation.

“I’m interested in innovative payment networks. I decided to buy a bit of bitcoin to monitor the development of the cryptocurrency,”  Kadyrov wrote in his telegram channel, reminding that in Chechnya, blockchain was already being introduced.

At the same time, the head of the Republic recognized that investing money in bitcoin is “a dubious thing.”

“You can lose all the money, there is no insurance. The more developed fraud in this segment,” he added.

At the same time, Kadyrov notes that the sphere of cryptocurrency should be regulated at the state level, and he considers it inconvenient to introduce a total ban.

“The main thing is to protect citizens from financial pyramids and other fraudulent schemes,” he concluded.

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