A regulated national digital currency may soon be introduced in Russia, business daily Kommersant reported on Friday, citing the Federal Financial Monitoring Service. However, the Kremlin says the idea has not been discussed. The idea of a national cryptocurrency has been talked about by banks, the Ministry of Finance and the Central Bank, the deputy director of the monitoring service Pavel Livadny said,

adding that a bill for its introduction hasn’t been worked out yet. However, Presidential Press Secretary Dmitry Peskov told journalists on Friday the idea of a national cryptocurrency has not been discussed by the Kremlin. According to Livadny, the issuance of the currency and its use would be licensed. READ MORE