Post
Topic
Board Altcoin Discussion
Re: Will Russia beat every country at creating their first national cryptocurrency?
by
Kyraishi
on 22/10/2017, 04:34:57 UTC
Do you think Russia will be the first one to succeed into creating a national altcoin?

Apparently they are even considering taxing it at 13%:

https://techcrunch.com/2017/10/15/russia-may-soon-issue-its-own-official-blockchain-based-currency-the-cryptoruble/

Well taxing their own crypto is going to be pretty easy, since the rules are going to be etched in stone within their protocol. Therefore, they have financial incentive to use this cryptocurrency since it makes tax collection way easier.

However, what advantages will this cryptorouble have? Even if they are the first to launch it, doesn't mean the idea is any good at all. It is not even decentralized, they are merely using blockchain tech to collect tax.