Russia's communications minister Nikolay Nikiforov said in a statement made by Russian President Vladimir Putin about the crypto money, in other words, the instruction to develop the crypto ruble. Russia will be the first country to develop official cryptography.
Russian Communications Minister Nikolay Nikiforov announced that a closed meeting in Moscow has instructed the development of crypto money.
This decision came after Putin ordered the Central Bank to form an 'unnecessary barrier' on crypto money at the weekend.
Nikiforov said, "I am confident that we will be doing just that for a simple reason, because if we do not do this, our neighbors in the Eurasian Economic Community will do it two months later."
Nikiforov stated that the development of the crypto ruble will not take much time.
It will be the first country to release official crypto money to Russia.
To prevent fraud on the Internet, the state of the currency can be regulated for use with government control.
The crypto rubles will be replaced with a real ruble desired. If you can not explain to the person that the Crypto Ruble is the owner, give a tax explanation of 13 to pay.
In Russia there were attempts to get crypto money together with more government. The Russian Institute of Innovative Technologies in Russia, the central bank unified by Satoshi Nakamoto in 2008, developed RuCoin, a similar to Bitcoin in a non-related virtual environment. RuCoin's developers, who are already on international trading platforms, have invested more than 200,000 dollars.
Nikiforov also added that the crypto currency mining of the Crypto Ruble will be banned.