Vice-Minister of Finance of Kazakhstan: Bitcoin Threatens Our Financial Stability

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The vice-minister of finance of Kazakhstan isn’t too fond of bitcoin. The official, Ruslan Dalenov, offered a statement to a publication that sounded more like an advertisement than it did a warning:

“People transfer this digital money to each other by just clicking a button — without having to use any bank services or pay remunerations for the transactions. The transfers are instant and almost completely free of charge. Imagine large corporations switching to cheap digital transactions, this would leave the bankers seeking another job.

Dalenov thinks the widespread use of bitcoin could financial the country’s financial stability. “There is a cheaper and clearer means – cash. This is where we should start our fight,” he said. (via Tengri News)