CryptoRuble: From Russia with Love
Risk, January 2018, pp. 53-54; World Economics 19(4) (2018) 165-187
20 Pages Posted: 26 Oct 2017 Last revised: 26 Jan 2019
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: Suggested Citation