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Friday, October 21, 2016

In Russia may receive its own cryptocurrency

Consultation on the introduction of Russia’s own cryptocurrency by analogy with the known analogue of the world – bitcoin – performed by specialists of Rosfinmonitoring and the Ministry of Finance, Central Bank and other banks of Russia.

According to the Deputy Director of Rosfinmonitoring Paul Lipidnogo, at present, the panelists discuss the General principles of such a system, as well as its legal aspects. Livadny underlined that if the decision on the establishment of a national cryptocurrency is accepted, then the circulation on the territory of Russia other cryptocurrency will be.

“It is planned that the Russian cryptocurrency will be regulated and emission. This means that it will not, by analogy with bitcoins, generated by the computer according to a specific algorithm. She will be the Issuer with rights and obligations. The issue of cryptocurrencies will be entrusted to the Russian financial organizations, and this activity may be licensed. The exchange of money for money will be on special electronic platforms according to regulated rules, with mandatory identity, “so as to minimize anonymous transfers”, – writes the newspaper “Kommersant”.

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