Image by Alexandr Gromov There is no way the Kremlin can ban cryptocurrency in Russia. The technology is too popular and has taken off like wildfire. Moscow knows this. Russian President Vladimir Putin has previously stated his support for development of blockchain technology and crypto in the Russian Federation, as…
Estonia To Launch Cryptocurrency, Become First E-Nation.
Image by Yuleka Russian President Vladimir Putin has instructed his cabinet to explore development of an official cryptocurrency, or the cryptoruble, to help the Russian Federation avoid Western sanctions levied for Russia’s annexation of Crimea and the conflict in the Donbass region of East Ukraine. “This instrument suits us very…
Image by Matiasmat Russia has drafted new legislation to regulate cryptocurrencies, mining, and initial coin offerings. “The Ministry of Finance has prepared a draft law, currently under consideration, which will determine the procedure for issuing, taxing, buying and circulation of cryptocurrency,” Finance Minister Anton Siluanov said in an interview with…
Image by elbstfotografiert The rise of cryptocurrencies may finally give birth to the dreams of OPEC and other oil producing countries to rid themselves on dependence on the U.S. Petrodollar, in place since the Bretton Woods conference towards the end of World War II. American financial pressure on Venezuela, Iran,…
Image by Alexandr Gromov Russian Minister of Communications Nikolay Nikiforov has stated that Russian President Vladimir Putin just announced today in a closed door meeting in Moscow that Russia will issue its own cryptocurrency, the cryptoruble. “According to the official, the state issued cryptocurrency cannot be mined and will be…