Coinatory

The trend of creating stablecoins seems to reach Russia. As reported by the news agency "Moskva" the Russian authorities may launch a stablecoin, which will be secured in the form of a fiat ruble. Anatoly Aksakov, the head of the Russian State Duma Committee on the Financial Market, told reporters about this. He stressed that the cryptocurrency should have at least some security, and only in this case it will attract investors. Ruble can be such an asset, which will support the token and ensure its stable exchange rate. Aksakov noted: I am sure that we may have a cryptocurrency, but it will have security. For example, in some bank, a certain amount of money will be placed as a deposit. The bank will be able to issue a certain ... Read more about " Stablecoin, backed by Russian currency " on coinatory.com

The People"s Bank of the country is studying the possibility of legalizing digital money and is consulting with experts on this issue. The Chinese authorities show interest in cryptocurrencies, but behave very cautiously, Yury Gugnin, deputy chairman of the expert council under the State Duma of Russia for digital economy and blockchain, who conducts educational seminars on cryptocurrencies and blockchain technology in China. According to the official, the local government is not against digital money, it understands that this is an ... Read more about " Chinese government can legalize cryptocurrencies " on coinatory.com