Moscow authorities have allowed the possibility of creating their own cryptocurrency

MOSCOW, September 8. /TASS/. Moscow authorities have allowed the possibility of creating their own cryptocurrencies. This was announced by Deputy mayor in Moscow government on economic policy and property and land relations Natalia Sergunina, in Moscow on the sidelines of a financial forum.

“Something in detail say. But everything is possible in life. And this, too,” she admitted such a prospect, answering the question TASS.

Earlier during an open meeting with the founder of Ethereum Vitalik Baleriny in Mrs VEB Chairman Sergey Gorkov has admitted that the Moscow authorities in the future could launch his own cryptocurrency Moscowcoin. In his opinion, this will contribute to the implementation of a blockchain technology in state and municipal management.

In the spring of 2017, the Chairman of the Central Bank Olga Skorobogatova reported that the regulator started to create a national cryptocurrency. Later, the head of the Central Bank Elvira Nabiullina said that it did not expect the emergence of this tool in the near future, it is necessary to analyze possible macroeconomic consequences: as this may affect the emission control of the money supply. The Central Bank has proposed to classify virtual currencies as digital goods.

Financial regulators are ready to announce their proposals this autumn to submit a bill to the state Duma. The Ministry of Finance, in particular, proposes to make mandatory identification of buyers of electronic money.

The early legalization and the beginning of the regulation of cryptocurrencies were also informed the head of Sberbank German Gref. In August 2017, the first Deputy Prime Minister Igor Shuvalov said that the development of crypto-currencies should strengthen the Russian economy, and not to expose it to shock. To avoid this problem fail, and scriptoral should appear, Gref believes.

At the same time, Central Bank head Elvira Nabiullina said at a Moscow financial forum that the cryptocurrency as money substitutes will not be allowed on the Russian market.

Cryptocurrency is a digital (virtual) currency, which is issued directly online and has paper. The cryptocurrency can produce (create) any user, calculating on powerful computers and complex algorithms. The result of these calculations, the fragments of encrypted information, and they are the units of cryptocurrency.