Members of a Russian political organization formed by President Vladimir Putin have announced plans to advocate for an eco-friendly cryptocurrency.
The All-Russia People's Front, known as ONF and formed in 2011, recently organized a conference focused on the environment. It was there, according to the organization's press service, that the plan for a cryptocurrency to be used to fund environmental causes was advanced.
Dmitry Mironov, one of the leaders of the ONF, said:
The proposal was put forward in the context of moves by the Russian government to prepare new regulations around the trade and exchange of cryptocurrencies. Last week, a senior member of the State Duma – the national legislature – suggested that work on the legislation could be completed by autumn, capping a multi-year process.
Whether the proposal actually advances in the government remains to be seen, however.
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