Russian officials are working to create their own cryptocurrency, which should help the country avoid international financial sanctions. It is reported by the Financial Times.
Russian President Vladimir Putin instructed government agencies to develop «scriptural». This will allow Russian businesses in the future to Transact in rubles, not in dollars. At the same time, this will help to avoid sanctions, limiting the attraction of investment and financing in the country.
The use of «scriptorama», writes the Financial Times, will significantly reduce the influence of the US government on Russian economy.
Russia’s decision of creating its own cryptocurrency announced when the financial US regulators and lawmakers are trying to find levers of influence and control over the rapidly developing market for digital currency. Us regulators warn investors that the Federal financial regulations and rules cover any transactions using the cryptocurrency and encouraged to be as careful as possible in their application, because very often selling digital currency is not licensed, not registered and contains various fraudulent schemes.
