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‘A Financial Bubble and a Ponzi’: Russian Bishop Castigates Cryptocurrencies

Updated: 27 August 2021

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Bishop Hilarion, a top Russian Orthodox cleric, has criticized cryptocurrency as a financial bubble and a tool for usury in an interview with Russia 24 channel, according to rt.com. Hilarion, chairman of the Moscow Patriarchate’s department of external church relations, said cryptocurrency is a new Ponzi scheme supported by nothing. Hilarion said that rather than being a

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Lester Coleman

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‘A Financial Bubble and a Ponzi’: Russian Bishop Castigates Cryptocurrencies

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