Since the ban placed on crypto in Russia has been lifted. A bank in Russia has made preparations to launch her coin.
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This will have its cons and pros. Crypto adoption is inevitable. But this will in a way affect the whole reason of crypto…decentralization.
This might also give the central authority power on the coin too
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Wow that is exciting, crypto now is getting famous like Covid-19 its unstoppable now and the world has inevitably adopting the use of cryptocurrency as future currency.
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Exciting, yes. But it will be interesting to watch and see how everything develops.
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As a bitcoiner from there, tell you short real story:
- There was no ban in Russia - just was no law, just like in 95% of other countrys there.
- This idea od make some stablecoin with russian ruble is not so cool idea because it will not bring more adoption, maybe even drop it a little more( This will in one hand build a bridge to crypto but by other hand it will force you to KYC and report about all your tx.
- Still there is some cool stuff in this situation, that much less spreaded - there is some sandbox cluster for blockchain fintech startapps under that bank, that can lead Russia to provide some more liberal laws in order to get some extra points as a country that can be blockchain friendly place (still doubtfull).
- Many Central banks (China, 1 bil users, as example) got expiremental crypto, so Russia in this move not the first line. Many doubts in elites and much lesser knowledge on crypto is making this space a risky one to invest for russians.
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