TOINNOV - Breaking Blockchain, Crypto & ICO News

learn more
more than 10 000 people every month reads TOINNOV learn more

A small victory for financial regulators: what will happen to the crypto industry next?

The international program on combating cryptocurrency fraud started only a few days ago but has alre...

Own cryptocurrency can appear in the EAES before the single monetary unit of account

This was told in an interview with Izvestia by the president of the Russian Association of Blockchain and Cryptoсurrency Yuri Pripachkin.

25.May.18 11:35 AM
By Julia Anikina


Own cryptocurrency can appear in the EAES before the single monetary unit of account
According to him, it is possible that cryptoaltyn (unofficial name) may appear in the Unified Energy System before a single monetary unit of account.

The Eurasian Economic Commission considers the issue of creating cryptoaltyn. To enter such currency can already in 2020. Hopes for cryptoaltyn are big. This simplification of payments within the EEA, thereby reducing transaction costs, and reducing the threat of fraud through greater transparency of transactions, and the opportunity to bypass sanctions.

The name of the cryptocurrency has not been approved yet. The working version, cryptoaltyn - is historically reinforced, and sounds beautiful.

For reference:

The Eurasian Economic Union is an international organization for regional economic integration, which ensures the freedom of movement of goods, as well as services, capital and labor, and the conduct of a coordinated, coordinated or unified policy in the economic sectors. There are five countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.

Back to the list

Related Information: