Russia Central Bank Mulls Gold Standard for National Cryptocurrency

Russian Money Tied to Gold Bar

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged ‘Crypto-Ruble’ a Possibility The Bank of Russia hinted at a meeting at State Duma, the country’s lower house,

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Source: BTC Manager