Russia has been talking openly about the prospect of creating its own cryptocurrency, and it looks like the country might turn those words into action.
Local news outlets report that Communications Minister Nikolay Nikiforov has confirmed plans to launch a state-controlled digital currency.
Don’t expect to generate virtual rubles with your PC any time soon, though.
While it would use blockchain to decentralize control and improve trust, you reportedly can’t mine it — instead, it’d be issued and tracked like conventional money. This would theoretically let Russia boost its internet economy without tying the fate of its currency to other countries or third-party brokers.