Russia plans to launch its own national cryptocurrency

Russia’s federal financial monitoring service, Rosfinmonitoring, has announced that the country will soon have its own national cryptocurrency, according to the newspaper Kommersant.

No official proposal has yet been written to this effect, but the idea of a cryptocurrency is being discussed with bank representatives at sessions organized by the Ministry of Finance and the Central Bank, said statistics secretary and deputy director of Rosfinmonitoring Pavel Livadny.