Metropolitan Hilarion of Volokolamsk, the head of the Department for External Church Relations of the Moscow Patriarchate, believes that the US dollar and cryptocurrencies have one thing in common - they are “soap bubbles”.

The Russian Orthodox Church began to comprehend the phenomenon of cryptocurrencies

Metropolitan Hilarion of Volokolamsk, head of the department for external church relations of the Moscow Patriarchate, believes that the US dollar and cryptocurrencies have one thing in common - they are "soap bubbles".

"In a way, the dollar is already a cryptocurrency, because we do not know how its movement is controlled and how many dollar bills are actually in circulation in the world," RIA Novosti quotes a representative of the ROC.

"Cryptocurrency is another step towards further dissociation of the money supply, now in the form of just electronic numbers, from some real material resources," he added.

According to the Metropolitan, it is very important to investigate the moral component of the phenomenon of cryptocurrencies. He does not exclude the possibility that in the future the Church itself will take an active part in the consideration of this issue..

He also noted that the emergence of cryptocurrencies is just another round of a bubble or financial pyramid, like the one that is the US dollar, not backed by gold or other material resource..

Similar articles

• OKEx will launch perpetual margin swaps for 9 cryptocurrencies with USDT on December 16OKEx will launch new perpetual swaps for a range of cryptocurrencies paired with USDT stablecoin on December 16, with the ability to use leverage from 0.01x to 100x, according to a press release provided by TTRCoin this Thursday..

  OKEx will launch perpetual margin swaps for 9 cryptocurrencies in pairs with USDT on December 16 OKEx Exchange will launch new perpetual swaps for a number on December 16...

• Cryptopia exchange users worried about mass blocking of accounts Users of the New Zealand exchange Cryptopia, one of the top 50 largest cryptocurrency exchanges in terms of trading volume, are concerned about the events taking place on the platform. Some of them have been blocked for no apparent reason.

  Cryptopia Exchange Users Concerned About Mass Account Blocking Users of New Zealand's Top 50 Cryptopia Exchange...

• Media: In Venezuela, cryptocurrency miners began to be disconnected from the power grid Venezuela's state power company Corpoelec is disconnecting bitcoin miners in the state of Carabobo from the network on the orders of the authorities. This information is provided by the local edition of Criptonoticias, citing a source.

  Media: In Venezuela, cryptocurrency miners began to be disconnected from the power grid Venezuelan state power company Corpoelec disconnects bitcoin miners in...