Bitcoin Forum

Advisor to Russian President Sergei Glazyev: "cryptoruble" will help overcome corruption 

"The digital ruble guarantees us full protection - from fraud, from theft. Wherever there is a demand for the targeted use of money, 
be it government spending, budget investment, the work of banking structures and corporations, "cryptoruble" can be applied, " Glazyev said.

If the cryptoruble is created, its mining will not be possible, and it will be used only in special realms.

SHITCOIN  ;D

It's just a "rebranding" of the existing currency and a focused attempt to remove paper rubles from the market place. If a government's paper currency is removed from the market place the government can track all transactions over the blockchain they control. If they leave the money supply finite (as with real cryptocurrencies) you could see some valuation gains over the original ruble, but this isn't likely. Governments print their money for a lot of reasons, the investment value for their people is not one of them.

TL;DR: It's a move impose greater government oversight and control over the personal finance of its people.

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No, no....PussyRiotCoin!