Elvira Nabiullina: "Bitcoin is not a currency" – Bits Media

The Governor of the Central Bank of Russia Elvira Nabiullina said, that bitcoin is quite volatile and risky asset and cannot be considered a currency.

During a press conference on Friday, Nabiullina noted, what's the recent interest to the first cryptocurrency among the population has grown significantly, and this was facilitated by a sharp increase in the asset. However, this does not negate the risks of investing in bitcoin.. On the contrary - the risks of falling have only become higher, считает председатель ЦБ РФ.

"My attitude to private cryptocurrencies, including bitcoin, has not changed. And such a rise in prices only shows the potential for volatility of such private cryptocurrencies.. Honestly, the price of bitcoin does not even affect its essence. In our opinion, this is not currency. There is interest in this asset, but the risks were the same, remain, and maybe, even intensify. Then, that it is a very volatile asset - how quickly it grows in price, in the same way it can fall, history has shown it ", - said Nabiullina.

Recall, что сейчас ЦБ РФ занимается разработкой цифрового рубля. Testing of the national digital currency should begin this year. Earlier Nabiullina said, that in the future, Russian pensioners will even be able to receive pensions in digital rubles.