CryptoRuble: From Russia with Love

Risk, January 2018, pp. 53-54

20 Pages Posted: 26 Oct 2017 Last revised: 17 Jan 2018

See all articles by Zura Kakushadze

Zura Kakushadze

Quantigic Solutions LLC; Free University of Tbilisi

Jim Kyung-Soo Liew

Johns Hopkins University - Carey Business School

Date Written: November 2, 2017


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.

Keywords: Cryptocurrency, Government, Bitcoin, Etherium, Blockchain, GDP, Universal, Numeraire, Supply, Demand, World Currency, Algorithmic, CryptoRuble, Russia, Populace, Economy, Finance, Monetary System, Stakeholder, Central Bank, Internet Commerce, Transaction Cost, Control, Information, Decentralized

JEL Classification: G00

Suggested Citation

Kakushadze, Zura and Liew, Jim Kyung-Soo, CryptoRuble: From Russia with Love (November 2, 2017). Risk, January 2018, pp. 53-54 . Available at SSRN: or

Zura Kakushadze (Contact Author)

Quantigic Solutions LLC ( email )

1127 High Ridge Road #135
Stamford, CT 06905
United States
6462210440 (Phone)
6467923264 (Fax)


Free University of Tbilisi ( email )

Business School and School of Physics
240, David Agmashenebeli Alley
Tbilisi, 0159

Jim Kyung-Soo Liew

Johns Hopkins University - Carey Business School ( email )

100 International Drive
Baltimore, MD 21202
United States

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