{"id":13299,"date":"2019-04-01T00:00:00","date_gmt":"2019-04-01T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/04\/01\/russias-version-of-facebook-vkontakte-to-issue-its-own-cryptocurrency\/"},"modified":"2019-04-01T00:00:00","modified_gmt":"2019-04-01T00:00:00","slug":"russias-version-of-facebook-vkontakte-to-issue-its-own-cryptocurrency","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/russias-version-of-facebook-vkontakte-to-issue-its-own-cryptocurrency\/","title":{"rendered":"Russia\u2019s Version of Facebook, VKontakte to Issue Its Own Cryptocurrency"},"content":{"rendered":"
VKontakte<\/a><\/strong>, famously known as VK<\/strong>, the Russian Facebook aims to turn its over 97 million users into cryptocurrency fans. In as much as the platform has not yet made a final decision on issuing its own crypto coin (that can be implemented by all its users), the project is already under development.<\/p>\n This hesitation might be due to the Russian government\u2019s regulatory attitude towards crypto coins. The regulations are to be enforced by the 1st<\/sup> of July this year according to the orders made by the Russian president, Vladimir Putin. Pavel Durov<\/a><\/strong>, the creator of VK and founder of the Telegram<\/a> <\/strong>has neither denied nor confirmed the platform\u2019s alleged plans to launch its own crypto coin.<\/p>\n <\/a><\/p>\n According to a news source, the current configuration of the project involves the creation of individual accounts for the accumulation of crypto coins to all VK users. The social media giant aims to obtain crypto coins by charging coins to users for the time they spend on VK. This way:<\/p>\n A lot of social media platforms are catching up with the current trend in the digital assets industry. Some examples include major social network platforms such as WhatsApp, Telegram, Line, and Kakao.<\/p>\n Apparently, Facebook<\/strong> is also working on releasing its own crypto coin through which WhatsApp users can send and receive payments to each other. Facebook is quite bold and clear on this move that it has already started reaching out to crypto exchanges with an aim to list the new coin. The fact that Facebook<\/a> <\/strong>cannot be trusted to be a secure platform raises a lot of questions concerning this move.<\/p>\n \n","protected":false},"excerpt":{"rendered":" VKontakte, famously known as VK, the Russian Facebook aims to turn its over 97 million users into cryptocurrency fans. In as much as the platform has not yet made a final decision on issuing its own crypto coin (that can be implemented by all its users), the project is already under development.<\/p>\n","protected":false},"author":4,"featured_media":13301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4689,5001,4843],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/13299"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=13299"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/13299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/13301"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=13299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=13299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=13299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Other Social networks looking to Launch Their Own Crypto<\/b><\/h2>\n