Interest in cryptocurrencies and Bitcoin is growing so much that it is not bypassing even the heads of states. Russia wants to create its own cryptocurrency, the initiative of which is Russian President Vladimir Putin. And the name of the Russian cryptocurrency will be cryptorouble.

As reported by World Forex, the emergence of the cryptorouble, however, does not mean that Russia wants to legalize Bitcoin or other cryptocurrencies.

Before the publication of that decision, the vice-president of the Bank of Russia stated that, on the initiative of the Central Bank of Russia, efforts are being made to close all those websites that provide an opportunity to purchase cryptocurrencies, because, according to them, cryptocurrencies are a pyramid, and they can be bought by unclassified investors as well.

The Russian authorities will make sure that the cryptoruble cannot be bought in the same way as Bitcoin, as it will be a closed model with its corresponding volume of circulation.

Bitcoin is a decentralized currency and cannot be controlled, and the Russian side is trying to create a cryptocurrency that can control and manage its circulating volumes.