Russia to Issue First State-Backed Cryptocurrency ‘CryptoRuble’

Russia to Issue First State-Backed Cryptocurrency ‘CryptoRuble’

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Source: Bitcoinist.net

Russia has announced plans to launch a nationalized cryptocurrency called CryptoRuble, citing competitive advantage by being the first of its kind in Europe, and as state-controlled digital money in the light of an increasingly digital economy.

Russia has announced, via communications Minister Nikolay Nikiforov, that the country will begin experimenting with a nationalized cryptocurrency. Exact facts are scarce, and most of the information comes directly from quotes from Nikiforov, although

Read More http://bitcoinist.com/russia-going-ahead-with-cryptoruble/

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Source: Bitcoinist.net

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