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Russia plans own cryptocurrency, would ban bitcoin

Discussion in 'Forex Articles' started by mlawson71, May 28, 2016.

  1. KristenLove

    KristenLove Highly Suspicious Person

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    Good luck! It is Russian style. They like to be different;)
     
  2. vin2019

    vin2019 Recruit

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    This is really interesting. With Russia, anything is possible.
     
  3. Etedus12

    Etedus12 Sergeant

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    They already have few currencies like Webmoney, Qiwi, Yandex Money and maybe some more. But so far no real cryptocurrency, they obssesed with outer intruder over web, that's why they wanted to ban What's up, banned Telegram, LinkedIn, torrent sites (inner ones too), western porn sites and so on.
     
  4. SanioTire

    SanioTire Recruit

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    I find that this is very interesting. There might be possibility that Russia will issue its own crypto currency but as a part of monetary system, which would be controlled by authorities. It really could make payments and trade easier
     
  5. Shalirad

    Shalirad Private

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    I bet such thing would never happen. Russia lately concenctrates very heavily on something like for example so i am more than sure that such things will probably not going to happen anyway. Cause crypto are not really backed by anything.
     
  6. Notati

    Notati Recruit

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    FB is starting own crypto currency, so why would not Russia also have one? I also think that many other large international companies will follow FB just in order to stay competitive on the market. Anyway, large companies became so powerfully rich that now they would like to have own monetary system
     
  7. Doctor911

    Doctor911 Recruit

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    Chinas central bank has already issued own crypto currency backed by their local currency. I dont see any issue with it. I think that it only can be positive for increasing popularity of crypto market
     

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