Quote from: kassia on October 16, 2017, 04:50:54 AM

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/oULZAR

Wait, 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.

More about this and other news + ICO tips here https://t.me/yoken/54

I don't think they have plans to beat China. But they want to have their own crypto currency for a long time now. That's why the talk that they are bitcoin friendly is completely rubbish. It just so happened that China wants to have a state controlled crypto currency of their own. And all the news surrounding their love for cryptocurrency is not true. Initially, there have been talks that they are going to put up a mining farm and Putin loves Ethereum, but all of a sudden they made a sudden U-turn again the cryptocurrency market. Its just about time that they show their true colors. China and Russia already made drastic changes already. We all know that their own cryptocurrency will fail in the long run.