Russia's official Cryptocurrency : CryptoRuble

Russian president Vladimir Putin has announced Russia's official cryptocurrency 'CryptoRuble'.

• It will be controlled and maintained by authorities.
• It will not be mined.
• CryptoRuble can be exchanged with regular Rubel.
• Illegal possession will cause 13% tax deduction.

A few days ago Russia was talking about banning bitcoin completely. But CryptoRuble is one step closer to embracing cryptocurrency. This is a positive sign for cryptoworld.