Why the head of Alfa Bank does not believe in cryptocurrency, German Gref was bought by bitcoins

The head of Alfa Bank’s board of directors, Petr Aven, considers blockchain a real achievement that has potential. He called cryptocurrencies a speculative tool and a temporary phenomenon. He stated that he had never invested in tokens and was not going to do this. In Russia, they plan to introduce a tax on virtual tokens earned through mining or acquired on the exchange.

Is cryptocurrency really a fiction?

The head of the bank emphasizes that you can earn money, despite speculation, if you order Ethereum or another popular virtual currency. He considers the crypto attractive because of the possibility of using it in various fields. However, he noted that for him material resources become something of value if it is possible to pay state fees for them, but cryptocurrency does not provide this opportunity yet.

However, in many countries coin payments began to be introduced. In Brazil and Argentina, you can pay with tokens from your wallet.

Aven thinks that cryptocurrency may disappear over time. However, he considers it possible the emergence of a new digital currency as an international payment instrument. The head of the bank shared with the press that blockchain platforms are attractive, and he sees their potential. His team is working on their study.

Now the bank is working on the Factoring platform. It is intended for manufacturers and suppliers conducting trading activities on a deferred payment basis. The platform will provide the exchange of information and files between participants in the system. At the same time, confidentiality and security are maintained.

The blockchain platform will allow:

• to avoid the exchange of calls, documents in paper form;
• solve business issues with suppliers, companies;
• refuse to multi-stage coordination of certain issues.

The head of the Savings Bank of Russia shared his opinion about cryptocurrency. German Gref noted that for him a digital asset is a gambling activity. He said that he did not buy Ethereum, but preferred Bitcoin. He bought the first coins when they cost about one and a half dollars. At the same time, he calls cryptocurrency “a technical instrument of transactional activity”, and not an object of investment.

Cryptocurrency Tax

In the Russian Federation, a virtual cash tax may appear. To withhold state taxes, banks proposed the option of legalizing tokens - to recognize them as property or treasure found.

Thus, if the user has purchased coins, for example Ethereum, then they will be subject to a fee. The concept of decentralized money turnover suggests that a Russian who bought or obtained a virtual asset must pay a certain percentage for the country"s treasury. Cryptocurrency will become the so-called treasure that the owner received from the private system.

This concept will be discussed on October 8 at the ADB site. Blockchains, neurotechnologies, cryptocurrencies will be legalized in some Russian entities. Test projects are planned to be launched in the capital, Perm and several other areas.

The advantages of cryptocurrency earnings

The cost of Ethereum is relatively small (on September 18, 1 ETH was worth $ 207.9), for three trading days the rate rose by 9%. But recently, the cryptocurrency market is unstable. Virtual coins can be called fiction, but it helps to earn online.

Advantages of buying a cryptocurrency:

• Lack of regulator, control.
• Transaction Confidentiality.
• Currency security.
• Large selection of exchanges and tokens.
• Unlimited income.
• High volatility. You can buy coins at a low price, and after a few months earn a few hundred USD.

Bidding is an easy way to earn money if you know what price the currency, for example, Ethereum, growth dynamics, indicators and prospects. The maximum cost of Ethereum was fixed in 2013 and amounted to $ 1,432 per coin.

If cryptocurrency is a fiction, why are tokens in demand and popular?

The digital asset market is growing rapidly and expanding. Volatility is its main feature. After a long increase in the quotes of Bitcoin, Ethereum, their rate may collapse sharply or, conversely, begin to move upward.

On the virtual asset market there are speculators who influence the exchange rate. Artificial changes play into the hands of large companies that can buy ETH and BTC at a low price. Little-known coins do not drop much in price when quotes of large crypto giants change.

The political background also affects the cryptocurrency rate. In May, even more investors drew attention to Bitcoin. Increased interest was observed during the early parliamentary vote in Britain.

Crypto is a high income, if you invest in the right token, but also big risks. In order not to miscalculate, you should study the cryptocurrency market, its features, familiarize yourself with the forecasts of popular analysts and experts. They share important and useful information. Test accounts on exchanges will allow you to understand the trading, advantages and key points.

Earnings on the crypt is possible if:

• to study the issue of the prospects of Bitcoin, Ethereum, the Throne and other currencies;
• know what factors influence quotes;
• understand the mechanism of the blockchain;
• there is money to invest and get maximum profit.

For safe trading with Ethereum, Litecoin and other virtual coins, you should choose a reliable broker. Official sites without licenses should not even be considered.

Choosing an exchange for buying cryptocurrency in Russia and other countries

To make a choice, you will need to familiarize yourself with the reputation of a broker, rating, work experience, and activity. On the forums, many users tell which exchanges are the most secure and do not hold large commissions.

Exchange demo account is an important tool for a trader. It will help to understand how the terminal works, technical support of the site, how to deposit and withdraw funds, and how long it takes. Many sites offer bonuses and advantageous offers for traders who buy ETH and other crypto on a large scale.

To get the maximum income on the crypto, which the head of Alfa Bank considers fiction, it is necessary to make informed decisions, use all financial instruments of the exchange, understand the terminals, charts, indicators. Popular exchanges for online trading: Bit Mex, Binance, EXMO.