Mania pyramid: Elvira criticized the cryptocurrencies

Head of the Central Bank Elvira Nabiullina said about the danger of cryptocurrencies and the rejection of equating them to foreign currencies.


Nabiullina, speaking at the forum, organized by the Association of Bank “Russia”, said that he sees the growth of the value of this financial instrument the characteristics of a classic Ponzi scheme: “the Cost (of cryptocurrency — ed.) is largely growing due to the fact that involved in these schemes, more and more participants. And, of course, the big question: should we legalize? We pyramid, actually, you do not legalizovat. We must warn investors about the high risks”, – transfers its words of RIA “news”.

Passion for a new financial instrument, the head of the Central Bank called “kleptomania”.

Nabiullina added that he believes investing in cryptocurrency risky and speculative investment.

The head of the Central Bank referred to China’s experience, introducing prohibitions against cryptocurrencies, though, and praised the technology of the blockchain, the underlying. It it encouraged to use “for peaceful purposes”, noting that cryptocurrencies can in the power of anonymity to be used to Finance terrorism.

Earlier, a similar opinion was expressed by the Minister of economic development of Russia Maxim Oreshkin: it is also considered cryptocurrency pyramid.

With Nabiullina and Oreshkin not agree with the former Minister of economy of the Russian Federation Alexey Kudrin and the business Ombudsman Boris Titov: the first considers the legalization of cryptocurrency is inevitable, and the second proposes to equate their status to the dollar.

Note that in parallel with Nabiullina cryptocurrencies criticized the head of JPMorgan Chase & Co. James Dimon, who said that they are “fraud” and he was “shocked that no one sees the real state of things.”

In the end, bitcoin, his performances have dramatically lost value, dropping to a level of 3772 dollar.

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