Wednesday October 21, 2020

A cryptic move from Russia

Russia’s plan to roll out a government backed crypto-currency has been met with scepticism from several quarters. Emmet Ryan on the curious case of the crypto-rouble

Emmet Ryan

Technology Correspondent

20th October, 2017
Russian president Vladimir Putin has previously been hostile to crypto-currencies such as Bitcoin. Pic: Getty

The plan by the Russian government to enter the crypto-currency market with its own crypto-rouble is the clearest sign to date of any state’s efforts to enter the market made famous by Bitcoin.

The nature of crypto-currencies, however, makes the move by Russia more than a tad eyebrow-raising. The anonymity and lack of traceability normally associated with such currencies goes pretty much against what the Kremlin is aiming for with the crypto-rouble....

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Emmet Ryan speaks to Markets Editor Ian Guider about Tuesday’s iPhone 12 launch and what we can expect from Apple’s latest smartphone offering

Emmet Ryan | 6 days ago

Emmet Ryan speaks to Paul Higgins, Virgin Media's vice president of commercial, to talk about how his company has adapted to the Covid-19 crisis

Emmet Ryan | 1 week ago

Emmet Ryan speaks to Aidan Furlong, Avaya country manager, and Seamus Carter, sales engineer about the evolution of the company during the coronavirus crisis

Emmet Ryan | 2 weeks ago