For the time being, no Bitcoin competition from Russia Token

Russia buries in the meantime, the plans for its own digital currency. The messages on the part of the competent Central Bank says.

Crypto-ruble project had been in the planning

Even before all the Details were able to move around a digital Russian state currency in circulation, the crypto-rubles now seems to be back in front of the. At least for now, Russia’s government wants to put their projects to the files. Around two years ago, we had reported about the alleged plans of a “Crypto-Ruble”. The beginning of this year had called for in earlier Russian energy Minister again in a state of crypto-currency. However, Igor Yusufov, the Name of the former politician spoke out – not for a classic Stablecoin with a peg to the ruble. This implementation was chosen-among others-the US Bank JPMorgan. Yusufov, however, preferred the bond to the price of Oil. So or so: The “project is now history.

Central Bank withdraws a project for Digital rubles

Among other things, the proponents wanted to establish the digital rubles as a competitor to foreign Token, of course, the Bitcoin. Wanted to use the Coin, at least unofficial according to reports, in order to circumvent sanctions from abroad. Different in some other countries, the Central Bank of Russia is not rich seems to be the Argument for the introduction of a crypto-currency. Because Elvira Nabiullina, your character, the Chairman of the Russian Central Bank, looks after the evaluation of the reasons for the Emission of no reason for the market launch. The risks, Nabiullina, outweigh currently. Accordingly, since 2017 ongoing research on the crypto-ended the project prematurely, as media reports at the start of the week.

Change of attitude in Moscow is not ruled out

Of duration of the do not need to be From the national digital currencies but. It is quite conceivable that the Work will soon be resumed. Overall, the current environment for state-owned or private, ICOs does not seem to be necessarily the ideal. Also, the Social Media giant Facebook gets from many sides against the wind for his Libra Coin. In the case of the crypto-ruble but you should be prepared for everything. The responsible authorities have realized many times in the past decided not to projects, which hardly anyone had on the proverbial screen. Just further sanctions could quickly lead to a reversal of the crypto-policy. Since the interest for Coins as Ethereum and Litecoin in the country is growing increasingly. Especially in the case of normal investors.

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