Crypto News: Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting with members of the Moscow Capital Club that Putin has ordered the issue of the country’s own cryptocurrency, the cryptoruble, AIFnewspaper reported on Saturday.

This decision followed the meeting that Putin had with Russia’s top regulators last week where he instructed the central bank not to create “unnecessary barriers” to cryptocurrencies. Referring to the text of the government’s decree on the issuance of the cryptoruble, Nikiforov said:

"I so confidently declare that we will [soon] launch a cryptocurrency for one simple reason: If we do not, then in 2 months, our neighbors in the Eurasian Economic Community will do it."

Nikiforov believes that “the cryptoruble will be issued quickly,” the publication noted. The official also said that the efficiency of the new cryptocurrency will “streamline the payment of personal income tax,” which would make the new currency legal tender in Russia.

Full story at http://bit.ly/2kRuRme

Source: Bitcoin News

 

 

 

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