28 May '16, 12pm

Why Russia is Interested in Creating National Cryptocurrency

Why Russia is Interested in Creating National Cryptocurrency

The capitalization of the bitcoin market, the world’s most popular cryptocurrency, has reached $6/5 billion. Bitcoin technologies are a rapidly growing segment of venture capital investments. In 2015, investors poured nearly $400 million into the Bitcoin ecosystem. Russian law prohibits payments in any currencies except for rubles, including Bitcoins and other cryptocurrencies. © AFP 2016/ KAREN BLEIER Bitcoin Beware: Russia Developing National Cryptocurrency Transactions in cryptocurrencies are easy to track, but the end users are anonymous.. No mediators like banks or payment systems are needed for such operations. As a result, the system provides safety and anonymity of personal data which cannot be accessed by law enforcement agencies. The Russian Central Bank has underscored that this feature could be used for money laundering and funding terrorism. Nevertheless, the ...

Full article: http://sputniknews.com/business/20160528/1040412743/russi...

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