Russia has confirmed it is developing its own bank-backed cryptocurrency amid mixed reports about its future status

 Various sources report that Central Bank  senior vice-president Olga Skorobogatova, who was speaking at the St.  Petersburg International Economic Forum 2017, confirmed lawmakers’ next  move as part of Russia’s increasingly hands-on approach to  cryptocurrency. 

 “Regulators of all countries agree  that it’s time to develop national cryptocurrencies, this is the  future,” local news agency TASS translated a forum speech.  

 Every country will decide on specific  time frames. After our pilot projects we will understand what system we  could use in our case for our national currency. 

 ...(Read More)

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