Patriarch Kirill supported the idea of introduction of state control over the cryptocurrency

© RIA Novosti / Sergey Pathiterator in photovacation of Moscow and All Russia Kirill. Archival photoPatriarch Kirill supported the idea of introduction of state control over the cryptocurrency© RIA Novosti / Sergey Pathiterator the image Bank

The Church seeks to ensure that the person does not become a slave of cryptocurrencies, so this issue is an important legislative control of the state, said Patriarch Kirill in his speech in the Federation Council.

«Recently in the world received a certain distribution of the so-called cryptocurrencies, in particular bitcoin. It is known that many people put and sell property quickly to get rich by buying cryptocurrencies. The screen shows the sharp rise of bitcoin against the dollar. People have, as they say blows the roof. The Church sees its task in the education of man so that he was not enslaved by the passions, and sought a righteous work, which, of course, should be duly rewarded,» said the Patriarch.

Primate of Russian Church said that people buy bitcoin, laying their belongings and selling their homes, «and then suddenly bitcoin in two weeks is crashing and people realize they won nothing, and lost, lost everything that mattered.»

«But the government in such a situation is intended to protect people from excessive risk and even direct deception, including through legislative regulation,» he added.

Earlier, the head of the Department for external Church relations of the Moscow Patriarchate Metropolitan Hilarion of Volokolamsk said about the similarity of the dollar and cryptocurrency: both, in his words, «bubble». ROC, he said, has yet to comprehend this phenomenon.

On Thursday, the Ministry of Finance published a draft law on the regulation of digital assets, which gave a definition of crypto-currencies, token, mining and ICO (initial placement of tokens). Cryptocurrency, according to the document, digital recognized a financial asset that is created and integrated into a distributed registry of digital transactions by participants in this registry in accordance with the terms of reference.