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
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.
“There ...
