President of the Bank of Russia: Buying cryptocurrency is not an investment

According to Securities Daily on July 29, Ding Feipeng, an attorney for Beijing Luning law firm, analyzed: First, the average trader usually trades Bitcoin through other trading platforms or wallets. , it is difficult to protect rights. Second, in the process of investing in Bitcoin, the exchange of Bitcoin and fiat currency will be no exception, and no monitoring of the digital asset market is possible, mainly associated with fraudulent communications and investment records. . , during the bitcoin exchange process, currencies and bitcoins were easy to generate, and coins were frozen and cut, causing losses to traders. Finally, Bitcoin is an anonymous and decentralized digital asset, and if the trader loses or forgets the Bitcoin key stored in the digital wallet, the Bitcoin investment does not come. can be reversed and may result in losses.