Putin received a letter on legalization of the private cryptocurrency

Home » ALTCOINS » Putin received a letter on legalization of the private cryptocurrency
2018-02-22
Putin received a letter on legalization of the private cryptocurrency

The Minister of Finance of the Russian Federation Anton Siluanov sent the Russian President the letter in which he assured the head of the country in his loyalty to possible realization and start in the country of the private Russian cryptocurrency.

“The Ministry of Finance of the Russian Federation doesn’t object to possible implementation of the private project on creation of the Russian cryptocurrency on condition of ensuring the corresponding control from the financial authorities and also lack of need of implementation of investments at the expense of public funds.”

— the letter states.

The Minister of Finance pays attention to the existence of legal and technological restrictions for application of blockchain technology. Siluanov specified that in the system of bitcoin cryptocurrency it is possible to make seven transactions per second, in Ethereum — 20 transactions per second, and at Visa payment service provider are two thousand transactions for the same period.

Besides high-speed restrictions, usage of national cryptocurrency for attraction of foreign investments can become complicated during its exchange for foreign currency. Now, Russian users face restrictions of access to foreign cryptocurrency exchanges. In the future it is possible to expect emergence of obstacles for entry of national cryptocurrency into the world markets.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,958.63
  • ethereumEthereum$147.15
  • rippleXRP$0.327948
  • tetherTether$1.00
  • eosEOS$3.83
  • stellarStellar$0.091555
  • litecoinLitecoin$50.67
  • cardanoCardano$0.046981
  • tronTRON$0.025063
  • moneroMonero$50.17
  • iotaIOTA$0.309284
  • nemNEM$0.043942
  • dashDash$85.90
  • neoNEO$9.03
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 13
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 40
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 16
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 13
© 2017–2018