Putin launches the “cryptoruble’ project

January 4, 2018 – FRN – 

KtovKurse – translated by Inessa Sinchougova 

Russian President Vladimir Putin has instructed to begin work on the creation of a cryptoruble. 

Putin is confident that the state’s crypto currency should help circumvent US sanctions. Crypto currency will allow to conduct financial transactions in rubles and at the same time avoid sanctions that limit the ability to attract financing.

However,  it is noted that the release of the cryptoruble is a long-term project.