Vladimir Putin Decided to Issue a National Cryptocurrency – Cryptorouble

October 15, 2017

Vladimir Putin Decided to Issue a National Cryptocurrency – Cryptorouble

On the instructions  of the President of the Russian Federation, the national cryptocurrency of Russia will be created.  Minister of Communications and Mass Media of the Russian Federation, Nikolay Nikiforov said, that cryptorouble launch would be very quick. It is planned to optimize income tax payment, as a result, cryptorouble use will be more effective. Cryptorubles can not be mocked, it is just an issuer of the state. More than that, purchase or sale of cryptorouble will be taxed,and taxation sum will be 13 %.

“I declare with confidence, that we will launch cryptorouble for no other reason than that if we don’t do it, our colleagues from the Eurasian Economic Community are doing it in 2 months,” Nikiforov added.

It goes without saying, the launch of the national cryptocurrency does not mean the acceptance of other decentralized cryptocurrecies, for example, Bitcoin, from the Russian Federation.

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