Bitcoin use to expand in near future – ex-Russian Finance Minister

The use of Bitcoin will expand in the coming years, former Russian Finance Minister Aleksey Kudrin told RT at the St. Petersburg International Economic Forum (SPIEF). Kudrin warned of online crime and lack of regulation concerning the cryptocurrency.

Bitcoin has been surging in popularity as a digital payment system that allows users anywhere in the world to transact directly without interference from intermediaries, governments, regulators, or central banks. However, some worry that the surge in value of bitcoin can turn it into an asset bubble in an unregulated market.