According to local media reports, Russian President Vladimir Putin officially announced that Russia will issue its own cryptocurrency called “CryptoRuble” at a closed meeting in Moscow. The news was spread by the Minister of Communications Nikolay Nikiforov.
According to official officials, the cryptoruble to be produced by the state will not be mined and will only be issued, controlled and maintained by the competent authorities. CryptoRubles can be exchanged for Rubles at any time, wherever they are, but will pay a 13% tax if the owner cannot reveal where the CryptoRuble came from. The same tax will be levied on investors who earn by trading.
Nikiforov said:
To explain for a simple reason: if we don’t do this, our neighbors at EurAsEC (Eurasian economic community) will do it in 2 months.”
Russia seems ambivalent towards cryptocurrencies
Although the announcement signifies Russia’s entry into the world of cryptocurrencies, it does not mean the approval, legalization of Bitcoin or the approval of any decentralized crypto currency. On the contrary, Putin recently expressed an opinion on a complete ban of all cryptocurrencies in Russia. It seems that it also contradicts the previous comments from other ministers who are not subject to it. Now, with the emergence of CryptoRuble, its clear contradictions are emerging.
cointelegraph