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Putin's Adviser Suggests Cryptocurrencies to Avoid Economic Sanctions

Friday, December 15th, 2017 | bitcoin updates

Russian economist and adviser Sergei Glazyev suggests President Putin use cryptocurrencies to circumvent Western economic sanctions. The US and its partners had with their blockade policy ensured that you have to come up with something new. Glazyev is also in favor of issuing its own crypto rubles. As the Rambler News Service (RNS) reported on Tuesday, a meeting of the Russian presidential administration was about cryptocurrencies and what legal regulations should apply to them. Glazyev described cryptocurrencies as "an objective need" to counter restrictions imposed on the Russian Federation. In his view, there is an "objective need" for this "instrument". Russian banks are known to be subject to external sanctions and under certain circumstances can not settle. According to Glazyev, cryptocurrencies are even suitable for paying "sensitive state activities". What this means in concrete terms was unfortunately not carried out by the RNS. Glazyev emphasized that the ruble could only be used by the government because of the sanctions. Putin's advisor also said that he supports the idea of ​​creating a national, and therefore government, cryptocurrency. However, the exact name for the digital ruble or cryptor is not yet known, according to Glasyev. In his view, the new digital currency is to be issued by Blockchain technology from the Russian Central Bank. Just like the ordinary ruble, too. In addition to cash and property, there should thus be a national digital currency in the future.Background: The nearly 57-year-old Sergei Yuriyevich Glazyev is a habilitated economist and politician, who was active in the Russian government in the early 1990s. He is also considered one of President Putin's key advisors in the Ukraine crisis in 2014. Julian Assange uses news for criticism of USWikileaks spokesman Julian Assange uses the burgeoning theme for his own purposes. A few years ago, Bitcoin was introduced to the disclosure platform as a new donation option after the US government wanted to turn it off after the first big releases. At that time, several US companies such as PayPal or Mastercard unilaterally terminated their contract because they did not want to promote "illegal activities". At the same time, the accounts at Swiss Post Finance and VISA were also blocked in 2010. Hours later, the Wau-Holland Foundation was threatened with a review by auditors, as their account was suddenly one of the last donation opportunities. All coincidence? Probably hardly. On Twitter Assange was answered by mail. If anything, you should do it right the first time. Meaning: If Wikileaks already a crypto currency for donations is used, then please only the Monero, because the Bitcoin is not anonymous. Assange did not respond. In the absence of further information, it remains to be seen how strong the focus of the planned crypto-ruble will be on protecting the identity of the sender and receiver. Fact is also: For anonymous transfers, the Presidential Administration of Russia would not have to create a new digital currency. The Monero, even if it is not controlled by the state, that already exists.BTC-ECHOAbout Lars SobirajLars Sobiraj began in 2000, as a career changer for various computer magazines to be active. In 2006, gulli.com added new priorities: network policy and copyright. After leading the editorial team until October 2012, he now works freelance for various online magazines and of course for his own project, Tarnkappe.info. In addition, Lars Sobiraj teaches students on Sustainable Marketing & Leadership (M.A.) at Cologne University of Applied Sciences Fresenius how to use the Internet and social networks. Some time ago, there was a growing interest in cryptocurrency, which fortunately works without the control of central banks. He would like to do his part to ensure that Bitcoin & Co. are not only of interest to pure speculators, but also to the woman and the man next door. All contributions by Lars Sobiraj

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