China
develops national cryptocurrency.
Russia previously revealed that its central bank was
developing a national cryptocurrency and that it would not recognize others like bitcoin as legal tender.
Speaking on behalf of the bank from the St. Petersburg International Economic Forum (SPIEF) 2017, Skorobogatova said, «Regulators of all countries agree that it's time to
develop national cryptocurrencies, this is the future.
Bank of Russia: «It's Time to
Develop National Cryptocurrencies» Jun 2, 2017 by Stan Higgins Russia's central bank believes the time is right to develop and launch its own digital currency, one of its senior officials said today.
Kulikov says, «The cryptorouble project is not so much about
developing a national cryptocurrency as much as it is about developing a universal means of interstate payments within the EAEU.
Russia's President Vladimir Putin has reportedly commissioned Russian officials to work on
developing a national cryptocurrency dubbed the «cryptorouble.»
Not exact matches
If one
national cryptocurrency was not enough, a second one may be being
developed.
From the perspective of the Russian state, encouraging bitcoin - based trading could facilitate growth in Russian fintech firms like Alpari — allowing such to cash in on the growth of
cryptocurrency without promoting the disruptive potential of free and direct
cryptocurrency trading, or risking encouraging direct competitor to the
national cryptocurrency that Russia has announced it is
developing.
The
National Settlement Depository (NSD), the central depository for Russia's Moscow Exchange, has recently partnered with Waves Platform to
develop a potential digital blockchain platform to serve digital assets including
cryptocurrencies and tokenized assets.
Russia and China are already
developing their own
national cryptocurrencies.
Russia is now
developing its own
national cryptocurrency.
None of these warnings revoked previous announcements about Russia
developing its own
national cryptocurrency.
The preliminary discussions suggested that Ukraine may move to
develop a permissive regulatory apparatus pertaining to
cryptocurrency and blockchain technology, with the Chairman of the
National Securities and Stock Market Commission stating that «blockchains, bitcoins, tokens and other technology solutions have already become an integral part of the financial market».