Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Transnistria Makes Own Cryptocurrency, Possible Front for Arms Deals

Published 10/15/2018, 04:47 AM
Updated 10/15/2018, 06:01 AM
 Transnistria Makes Own Cryptocurrency, Possible Front for Arms Deals

During the little-known Sixth Pridnestrovian International Investment Economic Forum in the Republic Palace of Tiraspol in the breakaway Moldovan region of Transnistria, the idea of a sovereign cryptocurrency was circulated that could provide the territory with some advantages.

Among those, according to the CEO of the Transnistrian “state-owned” company Tehnopark, Veaceslav Cernikevici, is the ability to quickly create supplementary income in the state’s budget using plans to “raise the consumption of energy through special equipments [sic] up to 20-25 megawatts per hour by the beginning of 2019.”

“There are now seven farms in Râbnița, Bender and Tiraspol. Among the investors are seven foreign residents of the free economic zone and two locals. 32 new jobs were created. We use 3.7 megawatts per hour. This is not much, but when you see how much money and effort you invest in their development, this is a serious sum for six months. The first ‘cent’ of this...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.