{"id":36375,"date":"2021-02-12T18:06:30","date_gmt":"2021-02-12T16:06:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36375"},"modified":"2025-08-29T06:03:21","modified_gmt":"2025-08-29T03:03:21","slug":"nabiullina-bitcoin-is-not-a-currency-and-investment-risks-have-intensified","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nabiullina-bitcoin-is-not-a-currency-and-investment-risks-have-intensified\/","title":{"rendered":"Nabiullina: Bitcoin is not a currency, and investment risks have intensified"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">Bitcoin is not a currency, and the rise in its price merely &#8216;demonstrates the potential volatility&#8217; of cryptocurrencies. This was stated during a press conference by the head of the Bank of Russia, Elvira Nabiullina.<\/span><!--more--><\/p>\n<p><span style=\\\"font-weight: 400;\\\">She said that her stance on cryptocurrencies has not changed:<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">&#8216;To be frank, the price of Bitcoin does not even affect its essence. In our view, it is not a currency.&#8217;<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">Nabiullina noted public interest in cryptocurrencies, but said it remains a high-risk asset.<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">&#8216;The risks remain the same, and perhaps even intensify. The fact that it is a highly volatile asset \u2014 as its price rises quickly, so it can fall \u2014 is a history that has shown.&#8217;<\/span> \u2014 the head of the central bank.<\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">She also emphasised that Bitcoin is actively used for &#8216;a variety of dubious operations&#8217;.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The digital ruble is &#8216;a completely different topic.&#8217; According to her, the Central Bank is now discussing the released <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-weighs-possibility-of-creating-a-digital-ruble\"><span style=\\\"font-weight: 400;\\\">report<\/span><\/a><span style=\\\"font-weight: 400;\\\"> on the asset with market participants.<\/span><\/p>\n<p><iframe loading=\\\"lazy\\\" src=\\\"https:\/\/www.youtube.com\/embed\/Vk_E8K7XHvo\\\" width=\\\"560\\\" height=\\\"315\\\" frameborder=\\\"0\\\" allowfullscreen=\\\"allowfullscreen\\\"><\/iframe><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier Nabiullina compared cryptocurrencies to casino gambling and said that the Bank of Russia opposes any monetary surrogates, including private money in digital form.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is not a currency, and the rise in its price merely &#8216;demonstrates the potential volatility&#8217; of cryptocurrencies. This was stated during a press conference by the head of the Bank of Russia, Elvira Nabiullina.<\/p>\n","protected":false},"author":1,"featured_media":36376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,18,1996,1138],"class_list":["post-36375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-bitcoin","tag-elvira-nabiullina","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36375","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=36375"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36375\/revisions"}],"predecessor-version":[{"id":36377,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36375\/revisions\/36377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36376"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}