Russia works with Iran to publish a stable coin that is covered by gold (report)
Russia works with Iran to publish a stable coin that is covered by gold (report)
reports that the Russian government and the Iranian central bank are considering a partnership to create a new stable coin that can facilitate cross-border processing.
The token is linked to the evaluation of gold.
The mutual operation
according to A Test report According to the Russian media company Vedomosti, the local authorities could work with the Iranian Central Bank, for a new crypto-asset named To launch “the token of the region on the Persian Golf”.
provided that it sees the light of day, it will replace fiat currencies such as the dollar, the euro, the ruble and others in foreign trade. Alexander Brazhnikov - Executive Director of the Russian Association of the Crypto Industry and Blockchain - said the coin is covered with gold and employed in a special economic zone in Astrachan.
The two nations recently signed speserver-spaces = "true"> a contract to facilitate trade through a transport system in the Caspian Sea, whereby the northern tip of the network of the Russian city of Astrachan is.
Anton Tkachev-member of the Duma Committee for Information Policy-confirmed the rumors about the creation of the new StableCoin. However, he specified that such a step could only be actively discussed if the Russian government implements an appropriate framework for its local crypto sector.
Anatoly Aksakov-Chairman of the State Duma Committee for Financial Markets- specified
"I can assure everyone that we will definitely have crypto as a legal product next year, there will definitely be legislation ... I can only say unequivocally that the Russian Federation cannot be used as a means of payment for internal billing."
Iran and Russia share similar views on crypto
Russia, especially its central bank, has not shown the friendliest attitude towards Digital Asset Industry. It proposed a total prohibition of all crypto efforts, but the finance ministry later Data presserver spaces = "true"> the sound for "only" implementation regulations.
The legislator has been trying to establish a "national" cryptocurrency platform based on the standards of the Moscow stock exchange for months. As cryptopotato reported The authorities also discussed this in November and are now waiting for the approval of the finance ministry and the Bank of Russia.
An area that Russia wants to concentrate on is Bitcoin mining. President Vladimir Putin said last year that he sees potential in it: "However, we of course also have certain competitive advantages here, especially in the so-called mining. I mean the power surplus and the well-trained staff that are available in the country." The central bank of the Islamic Republic of Iran has also expressed itself quite negatively towards crypto and forbidden domestic banks and financial institutions to act in 2018. The government explains War against illegal Bitcoin miner, while even the legal operators are stopped to protect the stability of the national electricity system. .