{"id":4152,"date":"2017-08-02T15:01:49","date_gmt":"2017-08-02T12:01:49","guid":{"rendered":"https:\/\/forklog.media\/?p=4152"},"modified":"2017-08-02T15:05:03","modified_gmt":"2017-08-02T12:05:03","slug":"russian-minister-compares-cryptocurrencies-to-ponzi-schemes","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russian-minister-compares-cryptocurrencies-to-ponzi-schemes\/","title":{"rendered":"Russian Minister Compares Cryptocurrencies to Ponzi Schemes"},"content":{"rendered":"<p>According to Russian Economic Development Minister Maksim Oreshkin, the global development of cryptocurrencies resembles a pyramid scheme.<!--more--><\/p>\n<blockquote><p><strong>\u201cQuite often, prices of cryptocurrencies don\u2019t reflect the actual cost of such an asset. It was common for pyramid schemes in Russia in the past, and now we see that a similar situation is developing globally in regard to some cryptocurrencies,\u201d <\/strong>Mr. Oreshkin said.<\/p><\/blockquote>\n<p>The minister has also noted that cryptocurrencies should be viewed as assets, not money, RBK reports.<\/p>\n<blockquote><p><strong>\u201cOne shouldn\u2019t see them as currencies, one should see them as an asset, and treat this assets value with great care,\u201d <\/strong>Mr. Oreshkin added.<\/p><\/blockquote>\n<p>Next month Russian State Duma (parliament) plans to review a bill that legalizes cryptocurrencies. <a href=\"http:\/\/forklog.media\/russia-has-no-plans-to-tax-cryptocurrencies\/\" target=\"_blank\" rel=\"noopener\">According to Elina Sidorenko<\/a>, the head of the parliament\u2019s working group of cryptocurrencies, the bill, however, does not include provisions for tax regulation of virtual money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Russian Economic Development Minister Maksim Oreshkin, the global development of cryptocurrencies resembles a pyramid scheme.<\/p>\n","protected":false},"author":1,"featured_media":4153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[30,27],"class_list":["post-4152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"54","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=4152"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4152\/revisions"}],"predecessor-version":[{"id":4155,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4152\/revisions\/4155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/4153"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=4152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=4152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=4152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}