In Russia bitcoin was compared to a pyramid scheme

The value of the cryptocurrency, they say, is growing as quickly as at the time of the action “MMM”


The Minister of economic development of the Russian Federation Maxim Oreshkin compared to the excessive demand for the cryptocurrency with the most famous Russian financial pyramid MMM. This writes Interfax.

“What we see, for example, with bitcoin, this wave of information surrounding this story, the dedication of citizens who are not qualified investors, is a danger, because if you look at the dynamics of the value of bitcoin, it is very similar to the dynamics of the value of the shares MMM,” said the Minister in the Council of Federation of the Russian Federation.

Oreshkin said that investing in bitcoin carries very high risks.

“From the point of view of technology need to be at the forefront of their development, but from the point of view of financial instruments need to be very careful,” – said the Minister.

We will remind, in the European Union has announced its intention to introduce a new Directive, which prescribes penalties for digital crimes.