{"id":26556,"date":"2020-07-28T15:33:57","date_gmt":"2020-07-28T12:33:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26556"},"modified":"2025-08-26T15:03:31","modified_gmt":"2025-08-26T12:03:31","slug":"bank-of-russia-cryptocurrencies-resemble-a-roulette-game-and-are-not-an-investment","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-russia-cryptocurrencies-resemble-a-roulette-game-and-are-not-an-investment\/","title":{"rendered":"Bank of Russia: cryptocurrencies resemble a roulette game and are not an investment"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">The Bank of Russia does not consider purchasing cryptocurrencies an investment. This was stated by Deputy Chairman Sergei Shvetsov of the Bank of Russia, Prime reported.<\/span><!--more--><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\\&#8221;This is more like a financial pyramid or a game of roulette, but this does not relate to the financial market and should not be encouraged by either the state or financial intermediaries for citizens to acquire cryptocurrencies,\\&#8221; he said.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">In the view of the central bank official, cryptocurrencies are used to circumvent anti-money-laundering regulations.<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\\&#8221;Therefore we do not support investments by citizens in this criminal sector at all,\\&#8221; noted Shvetsov.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">He added that cryptocurrencies \\&#8221;do not carry any obligations.\\&#8221; The Bank of Russia also regards them as \\&#8221;the most risky instrument, both in terms of volatility characteristics and in terms of prospects for functioning.\\&#8221;<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\\&#8221;Earlier, Shvetsov said that cryptocurrencies possess the characteristics of a &#8216;high-tech financial pyramid&#8217; and their future is quite murky.\\&#8221;<\/span><\/p>\n<\/blockquote>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Russia does not consider purchasing cryptocurrencies to be an investment. This was stated by Deputy Chairman Sergei Shvetsov of the Bank of Russia, Prime reported.<\/p>\n","protected":false},"author":1,"featured_media":26557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1269],"class_list":["post-26556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26556"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26556\/revisions"}],"predecessor-version":[{"id":26558,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26556\/revisions\/26558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26557"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}