Breaking News Russia is issuing its own cryptocurrency
Russian President Vladimir Putin has officially stated that Russia will issue its own ‘CryptoRuble’ at a closed door meeting in Moscow, according to local news sources. The news broke through Minister of Communications Nikolay Nikiforov.
According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities. The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale. Nikiforov said:
“I confidently declare that we run 'CryptoRuble' for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will.”
the only positive thing about crypto currencies, maintained only by the authorities, is that the exchange will be much easier, even with other cryptos...
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Great post. Crypto curriencies are evolving i guess. Regards Nainaz
Thank u
This is very interesting I wonder just what other countries will follow, and how they will go about it if they will try and regulate it to much that will defeat the purpose of having crypto.
This is such a great news. Thank you for the sharing. Do you, by any chance, have the link to the news?
This post has received a 0.26 % upvote from @drotto thanks to: @banjo.
Sounds like they are going for the "Proof of State" algorithm ;)