Russia’s ‘cryptorubles’ won’t be very crypto in any way

This report evokes the old joke regarding how there were only two television stations in the Soviet Union: Network 1, with federal government programs, as well as Channel 2, where a KGB representative informed visitors to transform back to Network 1.

* * *

Russia to release ‘cryptoruble’

By Jon Buck
The Coin Telegraph
Sunday, October 15, 2017

Russian President Vladimir Putin has formally specified that Russia will certainly release its very own “cryptoruble.” He spoke at a closed-door conference in Moscow, according to regional news sources. The information broke through Priest of Communications Nikolay Nikiforov.

According to that authorities, the state-issued cryptocurrency can not be mined and will certainly be issued, regulated, and maintained just by the authorities. The cryptorubles can be traded for normal rubles at any moment, though if the holder is unable to explain where the cryptorubles originated from, a 13-percent tax will certainly be levied. The exact same tax will be put on any kind of earned difference in between the price of the purchase of the token and the price of the sale. Nikiforov claimed. …

… For the rest of the record:

https://cointelegraph.com/news/breaking-russia-issuing-cryptoruble ADVERTISEMENT A Network of Bullion Dealers That Quote for Your Service


 

With a SmartMetals ®

account from the Hard Possessions Alliance, you’re constantly assured the most affordable prices

for gold, silver, platinum, and palladium. When you buy bullion through your account, the partnership’s network of relied on rare-earth elements suppliers launches right into action– and you’ll be shown the most affordable rate for your purchase. Also incredible is the inexpensive storage available to you in 6 non-bank safes all over the world. Visit this site to get more information: http://www.hardassetsalliance.com/go/v34pm4/GAT Join GATA below: New Orleans Financial investment Meeting Wednesday-Saturday, October 25-28, 2017 Hilton New Orleans Waterfront



Resort, New Orleans, Louisiana http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe … Mines and also Cash London Organisation Style Centre London, England, UK Monday-Thursday, November 27-30, 2017 http://london.minesandmoney.com/ * * * Aid keep GATA going: GATA is
a civil rights and also academic organization based in the USA

and also tax-exempt under the UNITED STATE Internal Profits Code. Its e-mail dispatches are totally free, as well as you can subscribe at: http://www.gata.org To contribute to GATA, please see:

http://www.gata.org/node/16 Published at Sunlight, 15 Oct 2017 19:50:41 +0000

GoldUSD 1,293.40   per Ounce
SilverUSD 17.28   per Ounce
PlatinumUSD 947.80   per Ounce

Print Friendly, PDF & Email