Putin creates Russian currency Cryptoruble and also declares war on Rotschild
It's about nacional cryptocurrency Cryptoruble with the desire to further limit the influence of global central bank fraud in Russia!
According to the Financial Times, Sergey Glazev, Economic Advisor to the President, said at a government meeting that cryptovalue would serve as a "useful tool" to avoid Western economic sanctions and banking cartels.
Glazev explained:
"This instrument fully suits us for sensitive financial activities in the country. We can make money transactions with our contracting parties all over the world, regardless of sanctions. "
Cryptoruble will be equivalent to the rubles, but with the circulation which will be "limited in some way", which will monitor her Kremlin moves.
All financial operations that will be included in this cryptocurency will be taxed. The tax will also apply to any profits that the owner of the cryptoruble will have through the difference between the purchase and selling price.
"When you buy or sell CriptoRublo, 13 percent of the tax will be charged. If the owner can not explain the origin of the cryptovalute he has and wants to convert into a lingerie, 13 percent of the total will be charged," -said the minister.
Putin believes that cryptoruble has the power to endanger the central banking system controlled by the Rothschild cartel and transform the financial landscape into the benefit of an individual.
The Minister of Communications and Media, Nikolay Nikiforov, later submitted the first proposal for this new currency. "These are technological suggestions," he said then without elaborating the details.
In October 2017, Putin continued to set up new rules on crypto, including registration for mining cryptocurrencys and the application of securities laws on initial public offering.
Still, there is not possible for mining Cryptoruble.
"This should not be a private currency, but one that is provided by the state, controls the state and enables circulation of digital money in the digital economy," - Deputy Economy Minister Oleg Fomicev said.
That could be good for the crypto community in terms of technology adaptation. But don't expect 300 % ROI on a crypto under supervision of a goverment.