According to Cointelegraph, on June 16th, at the St. Petersburg International Economic Forum (SPIEF), Sergey Shvetsov, the first vice president of the Russian Central Bank CBR, compared the cryptocurrency to a "game." He said, "If we are talking about cryptocurrencies and Forex clubs, this is not a financial market, it's just a game. Some people like to play, they invest (cryptocurrency), but these chain reactions will affect others. That's why We have quite strict policies here.” Therefore, he once again emphasized the skepticism of the Russian central bank on cryptocurrencies. Last month, Russian central bank governor Elvira Nabiullina said the central bank’s idea of using cryptocurrency instead of fiat money.