16 Oct 17
In a move to beat others to the punch, Vladimir Putin has declared that Russia will create a state controlled crypto currency.
It will be called…the cryptoruble, of course.
This follows a previous announcement by the PBOC (People’s Bank of China – China’s central bank) that they are considering issuing a national crypto currency for the People’s Republic of China.
A senior government official said that the new Russian currency will be issued “quickly.”
The currency will not be able to be mined and will be legal tender in the Russian Federation.
The question seems to be now, what will Uncle Sam do?
John Truman Wolfe