Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble? - Coins On News
Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee. The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now it seems that legislators also have a state-backed cryptocurrency in mind. Russia to Approve Regulatory Framework on Cryptocurrencies and ICOs By Year End The Financial Market Committee of the Russian Parliament has discussed the launch of the digital ruble, an encrypted form of the country’s fiat currency, in order to better integrate