{"id":43767,"date":"2021-06-04T15:25:01","date_gmt":"2021-06-04T12:25:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43767"},"modified":"2025-08-31T13:49:37","modified_gmt":"2025-08-31T10:49:37","slug":"vtb-chief-bitcoin-is-fake-money","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vtb-chief-bitcoin-is-fake-money\/","title":{"rendered":"VTB chief: Bitcoin is fake money"},"content":{"rendered":"<p>Andrey Kostin, chairman of VTB Bank, said he does not like Bitcoin and regards cryptocurrency as fake money. In an interview with Bloomberg, he explained this.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u00abWe don\u2019t like Bitcoin. We think it\u2019s like making fake money,\u00bb says VTB Bank President Andrey Kostin <a href=\"https:\/\/t.co\/RZE8CY60eB\">https:\/\/t.co\/RZE8CY60eB<\/a> <a href=\"https:\/\/t.co\/KVrW7dcdSF\">pic.twitter.com\/KVrW7dcdSF<\/a><\/p>\n<p>\u2014 Bloomberg TV (@BloombergTV) <a href=\"https:\/\/twitter.com\/BloombergTV\/status\/1400735382405275648?ref_src=twsrc%5Etfw\">June 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cSomeone somewhere is mining money \u2014 it&#8217;s as if in the Middle Ages,\u201d he said.<\/p>\n<\/blockquote>\n<p>According to Kostin, central bank digital currencies issued by central banks could become an alternative to cryptocurrencies. As an example, he cited the digital yuan and the Bank of Russia&#8217;s contemplated initiative to issue a digital ruble.<\/p>\n<p>Earlier, Kostin said that <a href=\"https:\/\/forklog.com\/en\/news\/vtb-president-the-state-will-not-tolerate-cryptocurrency-development\">governments will not permit the development of cryptocurrencies<\/a>, and <a href=\"https:\/\/forklog.com\/en\/news\/vtb-chief-andrey-kostin-likens-bitcoin-mining-to-counterfeiting\">he compared mining to counterfeiting<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrey Kostin, chairman of VTB Bank, said he does not like Bitcoin and regards cryptocurrency as fake money.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,411],"class_list":["post-43767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-vtb"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43767","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=43767"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43767\/revisions"}],"predecessor-version":[{"id":43768,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43767\/revisions\/43768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}