Russian cbank initiates work to create national virtual currency

ST. PETERSBURG, Jun 2 (PRIME) -- The Russian central bank has started working on the creation of a national virtual currency, Deputy Chairwoman Olga Skorobogatova said on Friday at the St. Petersburg International Economic Forum.

“We’ll certainly have a national virtual currency. We’re working on it,” Skorobogatova said. “The thing is that all regulators have come to a thought that a national virtual currency should be surely created. It’s the future. It’s a matter of time.”

China, Singapore, and the U.K. earlier announced their plans to issue national digital currencies.

The Russian regulator will submit a draft ruling in a month to impose taxes on cryptocurrencies as digital goods.

“In the autumn session, we with other ministries and entities can offer how to define a private digital currency and how to regulate it on the government level,” Skorobogatova said.

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