There is a need for state's attention to cryptocurrency market


May 19, Fineko/ The unstable situation in the cryptocurrency market creates the need to increase the state's attention to this sphere.

ABC.AZ reports that chairman of the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship Tair Mirkishili stated.

According to Mirkishili, although the mentioned sphere is innovative, but it is considered quite risky from angle of the social position of citizens.

"I think there is a need for additional research on this matter. You see fluctuation in prices, a sharp drop in the price of Bitcoin. Even the prices of some cryptocurrencies that were sold for $80 have been reset. There are those who have lost a lot of money. That is, although this issue is very innovative, it is very risky from angle of the social position of citizens, and the state should be careful here. Otherwise, the losses may be so great that they cannot be prevented," Mirkishili said.