And the bitcoin plot thickens.
It has been widely reported that Russia, particularly the Ministry of Finance of the Russian Federation, is hell bent on totally outlawing digital currency and anyone who deals in it in the country. But a recent report has revealed that the government is considering the possibility of replacing bitcoin with its own knockoff virtual currency.
Last week, Russian-language newspaper Kommersant reported that the government is planning to introduce a “national regulated cryptocurrency” in place of bitcoin.
The news outlet cited Paul Livadniy, deputy director of the Russian Federal Financial Monitoring Service (Rosfinmonitoring), who said the idea of introducing cryptocurrency is already being discussed with representatives of banks at the meetings in the Ministry of Finance and the Central Bank.
