Summary:
The headline is a bit sensational (clickbait) but the head of the Central Bank of Russia is positive about considering it, although she doesn't see it as the priority. The Central Bank of Russia (CBR) is studying a proposal to create a gold-backed cryptocurrency, which could be used for cross-border settlements with other countries.The bold proposal was made by Russia’s State Duma member Vladimir Gutenev. He has suggested initiating discussion to set up national cryptocurrency, denominated in gold. Commenting on Gutenev’s proposal, the head of CBR Elvira Nabiullina said: “As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.” RTRussia bringing
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Mike Norman considers the following as important: Central Bank of Russia, cryptocurrency, Elvira Nabiullina, Gold Standard
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The headline is a bit sensational (clickbait) but the head of the Central Bank of Russia is positive about considering it, although she doesn't see it as the priority. The headline is a bit sensational (clickbait) but the head of the Central Bank of Russia is positive about considering it, although she doesn't see it as the priority. The Central Bank of Russia (CBR) is studying a proposal to create a gold-backed cryptocurrency, which could be used for cross-border settlements with other countries.The bold proposal was made by Russia’s State Duma member Vladimir Gutenev. He has suggested initiating discussion to set up national cryptocurrency, denominated in gold. Commenting on Gutenev’s proposal, the head of CBR Elvira Nabiullina said: “As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.” RTRussia bringing
Topics:
Mike Norman considers the following as important: Central Bank of Russia, cryptocurrency, Elvira Nabiullina, Gold Standard
This could be interesting, too:
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The Central Bank of Russia (CBR) is studying a proposal to create a gold-backed cryptocurrency, which could be used for cross-border settlements with other countries.
The bold proposal was made by Russia’s State Duma member Vladimir Gutenev. He has suggested initiating discussion to set up national cryptocurrency, denominated in gold.
Commenting on Gutenev’s proposal, the head of CBR Elvira Nabiullina said: “As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.”RT
Russia bringing back the gold standard may kill US dollar & solve main problem of cryptocurrencies