Russian Federation will release "CryptoRuble"

Russian Federation will release

Russian Federation will release "CryptoRuble"

Last week - a day after a Russia Central Bank official said the country would ban exchange trading in cryptocurrency - Russian president Vladimir Putin made his strongest statements to date against digital currency. While in a way it indicates an embrace of the likes of Bitcoin and Ethereum, the CryptoRuble is unlikely to share the truly decentralized nature of other coins. Details remain scarce, but according to CoinTelegraph, citing local news reports, Russia's Minister of Communications and Mass Media, Nikolay Nikiforov, has revealed a few crumbs of information about the country's new digital currency. I've contacted the Russian government for confirmation and details, and will update this story if I hear back.

#Vladimir Putin's administration called other foreign digital currencies (such as Bitcoin) illegitimate and chose to replace them with a blockchain this summer. It will be issued, maintained and controlled by the country's authorities like ordinary currency.

Things Parents May Not Know About Teen Driver Safety
The company says parents play a big role in teaching their teens to avoid texting and driving, speeding and by wearing a seatbelt. According to AAA, vehicle crashes are the leading cause of death for teens in the United States.

"Virtual [currencies] or cryptocurrencies are becoming and have already become more popular", said Putin. Although CryptoRuble will be centralized, it does appear to be blockchain-based.

It seems that, for Russian Federation, the time to introduce a digital Ruble has come.

Atlanta hospital halts 2-year-old's transplant surgery, citing father's recent arrest
She added the transplant was urgent as Dickerson Jr had suffered a stroke last month, further complicating his condition. The family says a probation violation shouldn't stop the process - especially if Dickerson is healthy and clean.

Waiting for the other shoe to drop?

The CryptoRuble can be exchanged with rubles at any time, but if the owner cannot motivate its origins, a 13% tax will be charged. If there is a rise in value, the same 13 percent rate will be applied upon sale of the coin only on the difference in value.

Arrest warrant: Mother put children in oven, turned it on
Ashley Strange, a next-door neighbour who was in tears, said: "I treated those babies as if they were mine". Williams' mother, Breanda, told WSB-TV her daughter has struggled with mental health issues her whole life.

There have been conflicting messages as to the Kremlin's position on cryptocurrencies - while reports over the summer suggested leaders were considering creating a Russian cryptocurrency, President Vladimir Putin has also taken a hard line on other digital coinage, stating they pose serious risks in respect of fraud and money laundering. Russia's interest, however, is likely in boosting its online economy without relying on third-party brokers and foreign currency markets.

Related news