Russia has confirmed it is developing its own bank-backed cryptocurrency amid mixed reports about its future status
Various sources report that Central Bank senior vice-president Olga Skorobogatova, who was speaking at the St. Petersburg International Economic Forum 2017, confirmed lawmakers’ next move as part of Russia’s increasingly hands-on approach to cryptocurrency.
“Regulators of all countries agree that it’s time to develop national cryptocurrencies, this is the future,” local news agency TASS translated a forum speech.
Every country will decide on specific time frames. After our pilot projects we will understand what system we could use in our case for our national currency.
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