Will Russia develop national cryptocurrency?

Will Russia develop national cryptocurrency?

The Russian Central Bank will develop a national cryptocurrency, the regulator’s Deputy Chairman Olga Skorobogatova said at the St. Petersburg International Economic Forum 2017.

"Regulators of all countries agree that it’s time to develop national cryptocurrencies, this is the future. Every country will decide on specific time frames. After our pilot projects we will understand what system we could use in our case for our national currency," TASS cited Skorobogatova as saying.

Bitcoin is the world’s most famous cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. Bitcoin is not regulated by any country or banking supervisory authority. It can guarantee complete anonymity of a person or a group of people using it.