Zampred CB RF: "Bitcoin is a minefield" – Bits Media

First Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov once again emphasized the position of the regulator in relation to cryptocurrencies. He called Bitcoin a "technical pyramid" and a "minefield".

Bank of Russia rejection of assets, that are out of control, for a long time known. And cryptocurrencies are becoming an increasing problem for the regulator.

During an interview, the Reuters agency Shvetsov said, that Russian citizens are often invested in alternative financial instruments - either in the pyramids, Or in cryptocurrencies, which are also a "technological financial pyramid".

“Buying the same bitcoin, A person enters the minefield, Where, except for yourself, he has no one to count on, And no one can protect him. We are talking about this to citizens too, that don't go there, where you are not under the protection of the Russian Federation, where your money will simply be taken away, And you can’t do anything about it ", - emphasized the deputy chairman of the Central Bank of the Russian Federation.

He regretfully noted, what, Although Russian licensed brokers do not provide access to crypto actes, Citizens actively use foreign sites. And the regulator cannot protect investors.

Shvetsov reminded the investors, what to trade, especially in the absence of experience, should only be on your own funds. Do not attract borrowed money, Since this often leads to significant financial losses and even bankruptcy.

At the end of June, the head of the Bank of Russia Elvira Nabiullina said, that cryptocurrencies are the worst possible way to store savings, since you can easily lose all the money.