Published On: Mon, Feb 12th, 2018

Chechen Republic Leader Admits Buying Bitcoin

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The head of the Chechen Republic, Ramzan Kadyrov, has admitted to buying a fraction of a Bitcoin, stating he is looking forward to following its price.
Chechen Leader Buys ‘A Fraction’ of a Bitcoin
The head of the Chechen Republic, Ramzan Kadyrov, revealed to the Russian press that he purchased a “fraction” of a bitcoin. He also acknowledged that he is interested in keeping tabs on the cryptocurrency’s progress.
“I already said that blockchain technology will be introduced in the Chechen republic,” Kadyrov wrote on his Telegram on Saturday. He continued:

I am also interested in innovative payment networks. I decided to buy a fraction of a bitcoin so I can follow the progress of cryptocurrency.

The former member of the Chechen independence movement also noted that there is no guarantee of profits when buying cryptocurrencies, rightly pointing out that the fledgling industry is rife with fraud.
“However, I still believe that this industry must be strictly regulated by law, but not prohibited. It is important that we protect citizens from pyramid schemes and other types of financial fraud,” Kadyrov added.

One must constantly evolve in a constantly evolving world …

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