What happened?According to Russian media, Russias president Vladimir Putin has decided that Russia should launch cryptoruble a state-owned cryptocurrency. The decision was allegedly announced by Nickolay Nikiforov, the countrys minister of telecom and mass communications.
https://goo.gl/oULZARWait, wasnt that about China?You have a good eye! A few days earlier, a Chinese official Yao Qian reportedly called for a state-owned digital currency as well. Looks that both countries are now in a race for a state-controlled cryptocurrency.
Why is it important?Russia is almost as hard on crypto market as China. Although the country hasnt officially banned ICOs and cryptocurrencies, Russias officials including Putin himself do call for crypto regulation.
Whats so special about cryptoruble anyway?Limited emission. Closed distribution. No option to mine it. And, most likely, the taxation model equal to income tax.
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