Russia Will Issue National Cryptocurrency 'CryptoRuble': Report

Russia Will Issue National Cryptocurrency ‘CryptoRuble’: Report

Russian Minister of Communications Nikolay Nikiforov has revealed that a state-issued cryptocurrency called "CryptoRuble" is set to be launched. Russian President Vladimir Putin reportedly made the announcement during a closed-door meeting in Moscow. The Cointelegraph reported the news citing local news sources. According to the report, it will not be possible to mine the new virtual currency, which will be controlled and maintained by state authorities. Owners will be able to exchange their currency for Russian rubles at any time, and a 13 percent tax will be levied if the holder can’t explain where the CryptoRubles came from. A […]