Patriarch Kirill urged caution with cryptocurrencies

The craze of cryptocurrency can lead to loss of property during the fall of their course, in this connection, the government should develop measures to protect their citizens, said the Patriarch of Moscow and all Russia Kirill within the framework of the VI Christmas parliamentary readings in the Federation Council.

«People sell their possessions in order to quickly get rich by buying cryptocurrencies. The screen shows the unstoppable rise of bitcoin exchange rate to dollar and people, as they say, «crazy». And then suddenly bitcoin comes crashing down and people realize they won nothing and lost everything he had» – he said.

The representative of the Russian Orthodox Church stressed the need for joint efforts of Church and state, which will limit people’s desire for risky actions.

«The Church sees its task in the education of man so that he was not enslaved by the passions and sought a righteous work. But the government in such a situation is intended to protect people from excessive risk and even direct fraud», – said the Patriarch.

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