20:28 GMT +320 November 2017

    Russia's Central Bank Rules Out National Cryptocurrency in Near Future

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    Do not expect to see a Russian cryptocurrency in the near future.

    MOSCOW (Sputnik) — The introduction of national cryptocurrency in Russia could be possible in medium-term or long-term perspective, not in the near future, Bank of Russia Governor Elvira Nabiullina said Monday.

    "We view cryptocurrencies rather as a digital asset, but the topic of the national cryptocurrency is a topic, of course, not of the near future, but, perhaps, of the medium-term, long-term perspective," Nabiullina told reporters.

    "We need to look at the technologies that can be the basis for such a national cryptocurrency, and, most importantly, to analyze all possible macroeconomic consequences," she added.


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    cryptocurrency, Russian Central Bank, Elvira Nabiullina, Russia
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