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Moscowcoin: Moscow authorities to launch their own internal city cryptocurrency

Head of the Department of Economic Policy and Development of Moscow Vladimir Efimov during a press interview with TASS  said that the city authorities are discussing the introduction of their own Moscow cryptocurrency - Moscowcoin. The coin will be used on the administrative portals of Moscow.

"As an option, Moscowcoin can be used by residents of the city on the portal" Active citizen. "And this can be called a cryptocurrency, which can be exchanged for something, which means a broader direction," he said.

Efimov explained that use will be possible only after the legislative and legal framework at the federal level is formulated.

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