Moldova’s Breakaway Region of Transnistria Considers Creating Its Own Cryptocurrency

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Transnistria, a breakaway region in Moldova, may introduce its own cryptocurrency, according to the statement of Sergei Russov, the deputy head of the unrecognized state’s Republican Bank of Transnistria.According to Russov,  the bank is already studying blockchain technology, and creating a national cryptocurrency that has certain advantages over traditional money could be on agenda

“[Cryptocurrency] has to be mined, as the number of coins is limited but, on the other hand, sufficient to back the deals considering the prospects of their continuous growth. Cryptocurrency’s authenticity is easy to check. Cryptocurrency is very convenient as a means of payment, as transactions are instantaneous and have nearly zero prime cost,” he wrote.

Notably, the Republican Bank’s spokesperson jumps to a conclusion on some sort of “centralized mining” in his discourse on tracking cryptocurrency payments. He believes cryptocurrency is a

Read more ... source: TheBitcoinNews