CryptoRuble: From Russia with Love

Zura Kakushadze and Jim Kyung-Soo Liew

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Abstract: We discuss Russia's underlying motives for issuing its government-backed cryptocurrency, CryptoRuble, and the implications thereof and of other likely-soon-forthcoming government-issued cryptocurrencies to some stakeholders (populace, governments, economy, finance, etc.), existing decentralized cryptocurrencies (such as Bitcoin and Ethereum), as well as the future of the world monetary system (the role of the U.S. therein and a necessity for the U.S. to issue CryptoDollar), including a future algorithmic universal world currency that may also emerge. We further provide a comprehensive list of references on cryptocurrencies.

Date: 2018-01
New Economics Papers: this item is included in nep-cis and nep-pay
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Published in Risk, January 2018, pp. 53-54; World Economics 19(4) (2018) 165-187

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