Russia and Netherlands independently confirm cryptocurrencies not a threat to regular market

The recent report from the Russian media tells about the Central Bank analytical bulletin which describes various threats to the national and global economy. While digital currencies are mentioned, they are characterized as non-dangerous towards the international financial stability. This is explained by the size of the market in comparison to the scale of the world market.

The same is independently stated by the state economic analysts in Netherlands: low levels of capitalization and integration with the fiat market serve as natural barriers which do not allow digital currencies to undermine the solidity of the classic markets.

This opinion is also being shared by the Monetary Authority of Singapore: one of its high-ranking managers has explicitly stated that Bitcoin’s fall would not provoke the new global financial crisis akin to what the public has seen in 2008.

The antagonism between the crypto market and the traditional market is likely to fade away over time, although it is hard to imagine that banks would not set a number of restrictions for their own digital assets’ trading and emission.

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