At a recent government meeting, Sergei Glazyev, Advisor to President Putin on economic issues, said criptural can help to alleviate the pressure of Western sanctions, reports The Financial Times. However, a single of the official position of the Russian government on the question of issuing the national digital currency is still there.
Russian cryptool is, in fact, digital the ruble – government digital currency is adopted as legal tender.
According to the Financial Times, Glazyev said that the government-controlled cryptocurrency, such as cryptool, will help Russia to ignore the sanctions from the West:
This tool is a really good fit for activities on behalf of the state. We can settle accounts with our partners around the world, ignoring the sanctions.
The opposite opinion
The eye is one of the last who spoke about the creation of a national cryptocurrency.
According to the Russian news Agency TASS, at a meeting on December 28 the law of digital currencies in Russia, present the officials spoke negatively against cryptorama.
As Deputy Finance Minister Alexey Moiseev, first Deputy Governor of the Central Bank of Russia Olga Skorobogatova said that they do not see the need for the establishment of a national digital currency.
However, in June 2017 at the St. Petersburg international economic forum Skorobogatova took the opposite position, stating:
We will get to a virtual national currency, we have already started to work on this.
Not a new question
The Russian government is publicly discussing the idea to issue a national digital currency as legal tender even in 2015. The original idea of creating a Russian national cryptocurrency called “BitRuble” initiated Qiwi, a Russian payment service provider.
In the State Duma of Russia there is a formal working group which is working to create a legal framework for cryptocurrencies. Despite the fact that in the past there were reports about a possible ban on crypto currencies in Russia, the official position of the government remains unclear.