Deputy finance minister says creation of cryptoruble unreasonable - Engineering & Hi-Tech - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Deputy finance minister says creation of cryptoruble unreasonable

MOSCOW, Dec 28 (PRIME) -- Creation of a cryptoruble in Russia is unreasonable, Deputy Finance Minister Alexei Moiseyev said on Thursday at a meeting.

УMaking these cryptorubles is pointless. Frankly speaking, I donТt even understand what cryptorubles are,Ф Moiseyev said.

УIf we announce at a government level that we reject the principle that the central bank is in charge of emission, we could launch the cryptoruble. At that we could not even ensure a 100% reliability of transactions.Ф

President Vladimir Putin ordered the government and the central bank to elaborate amendments to the law by July 1, 2018, to regulate the procedure of cryptocurrency offers similar to an initial public offering.

The president also ordered preparation of amendments to the definition of a status of digital technologies used in the financial industry, and such notions as УcryptocurrencyФ, УtokenФ, and Уsmart-contractФ by July 1, 2018.

End

28.12.2017 12:54
 
 
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