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RE: Russia To Launch Their Own National Cryptocurrency & Allow Bitcoin Trading Again 🇷🇺
To me this is bad news. I can’t help it but the state cryptocurrency feels like centralized decentralized Blockchain. That to me is undesirable. Also the cryptocurrency as it is shouldn’t be regulated. I mean tax the real money when you’re exchanging for it…you have a right to do so I guess… but regulating it just like that? That’s like taking a portion of grown corn. But then again it’s Russia… Or am I wrong? I’m new to crypto still.
You're right.
The national digital currency would be issued by russia's state bank, so it definitely wouldn't be decentralized anymore.
I still think this is a positive development though, because russia is at least recognizing the potential beenfits of cryptocurrencies and blockchain technology.
The good thing about it is that blockchain would be more recognized, therefore make its way more into the “real life”, but the question is whether those actions of Russia wont motivate other countries to regulate it too, until it will be regulated everywhere and by that ripping part of the blockchain’s philosophy from it.