Russia Is Considering A Gold Backed Cryptocurrency.

In astonishing development, Russia is now considering a gold backed cryptocurrency, as told by the Governor of the Bank of Russia Elvira Nabiullina on Thursday: "As for mutual settlements, we will consider, of course, your proposal on what a gold-backed cryptocurrency. But, in my opinion, it is more important to develop settlements in national currencies," she said at the State Duma.She added that now the settlements in national currencies in the framework of the Eurasian Economic Union are developing and there is a "good dynamics."

In early 2019, the Eurasian Economic Commission (EEC) has prepared a report for leaders of the Eurasian Economic Union (EAEU) member-states on cryptocurrencies as part of efforts to formulate regulation framework in that field.

For more of the news:

https://www.ccn.com/russia-flip-flops-explores-gold-backed-crypto-to-settle-payments

http://tass.com/economy/1059727

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