Wednesday January 29, 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

@emmetjryan
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

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Search giant to pay undisclosed sum for Dublin-based firm that helps local retailers sell online

Róisín Burke | 2 weeks ago

Irish business signs partnership with Canadian firm Instant Brands to bring more users to its platforms

Emmet Ryan | 1 month ago

Facebook has called on the Department of Justice to modernise Ireland’s bugging laws

Aaron Rogan | 2 months ago