Anatoly Aksakov: Russian stablecoin may become an analogue of the paper ruble

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Anatoly Aksakov: Russian stablecoin may become an analogue of the paper ruble
2018-11-08 in ALTCOINS

After the adoption of the relevant bills, the crypto-ruble may become a complete analogue of the fiat version of the currency of the Russian Federation. This was announced by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov.

“As soon as the blockchain begins to occupy a significant place in our economy, then, from my point of view, it will be necessary that the trade and economic processes be serviced using crypto-ruble, the ruble in the blockchain,” – he said.

Aksakov added that The Central Bank is still cautious about the idea of issuing cryptocurrency secured by ruble.

He also noted that the legal uncertainty of cryptocurrency in Russia could last until the end of the year. Aksakov emphasised the idea of a Russian stablecoin, most likely, will not be presented in bills on cryptocurrency and сrowdfunding.

“For the time, we are creating, first of all, legal opportunities for holding an ICO within the framework of the Russian jurisdiction, and provide for the protection of investors’ rights, rules for operators, requirements for them and for the information system. In first, we create the infrastructure, further the infrastructure may require cryptocurrency, but secured, ” – he said.

Recall that in 2017 it was reported that in Russia, on the direct instructions of President Vladimir Putin, the idea of a crypto-ruble will be implemented. However, eight months later, the head of the Russian Federation said that it was too early to talk about creating a “Russian crypto-ruble” because digital assets isn’t insecurity now.

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