Financial markets megaregulator
Financial markets megaregulator
Russia May Launch Own Cryptocurrency
27.05.2016 13:53 / Kommersant
Rosmonitoring is currently in consultation with all insterested parties. No law has been drafted yet, cryptocurrency is being debated with banks, the Ministry of FInance and the Central Bank, said Rosfinmonitoring Deputy Director Pavel Livadny. On the current agenda: Russia's regulated cryptocurrency should be issued, not generated digitally by an algorythm like bitcoin, with no one taking responsibility. The issuer, authorised banks, shall have rights and liabilities. Rosfinmonitoring expects issuance to be licensed. Special online websites will handle the exchange of roubles or other currency for cryptocurrency, which will be regulated. The buyer will be ID'd to minimize anonymous transfers.