Russia to Regulate Crypto While Launching its Own Oil-Backed Cryptocurrency

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Russia’s State Duma is planning to pass a resolution on a pending cryptocurrency regulation bill, reported a local source. Oleg Nikolayev, a member of the State Duma Committee on Economic Policy, said that the Russian assembly house had led cryptocurrency regulations to its final stages. In contrast to the Russian Central Bank’s conservative stance on bitcoin and other virtual currencies, Olga said that the house was working on a business-friendly framework for these assets’ integration. IMF has given green light to eight nations, to launch a national cryptocurrency and those nations are Russia, Venezuela, Canada and some larger countries, some smaller

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