RESEARCH ARTICLE: CRUR – CRYPTORUBLE

RESEARCH ARTICLE: CRUR – CRYPTORUBLE

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Cryptocurrencies, or at least bitcoin (BTC) have been all over the news lately due to massive growth. Although the Bitcoin could continue onwards, I feel that there may be more opportunity in less known cryptos. Picture being able to get into BTC over 5 years ago. There are many cryptos which are only very new to market, in fact there are thousands of them. Mainstream is not aware of the majority of these and I am just beginning my research on alternate investments in cryptocurrencies. This was not my focus initially however these massive shifts have presented a potential opportunity where BTC and further mainstream acceptance to cryptocurrency in general could see a flow on effect to smaller cryptos.

The CryptoRuble (CRUR) has been created by Russians as a Russian government controlled, centralised cryptocurrency which will be accepted as the legitimate online currency for Russia. The concerns in current articles include an issue around the whole purpose behind cryptocurrencies. CRUR is not mineable, is not decentralised and is controlled by the Russian Government. The fact that this crypto can be traced, monitored and controlled is a concern as the general idea behind cryptocurrencies in the first place is the ability to be decentralised and uncontrolled by governments. Of course regulations have their purpose and most sustainable things in this world are regulated to some degree.

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