Azerbaijan Opening Up To Bitcoin And Cryptocurrencies
Azerbaijan, erstwhile member of the now dissolved USSR, is taking another step closer towards cryptocurrencies and Bitcoin. Earlier, in September 2015, it was reported by CoinTelegraph that Azerbaijan was actively discussing the possibility of creating a “Cryptomanat” coin – the cryptocurrency equivalent of its national currency, the Azerbaijani manat. Now, Azerbaijan is getting its first Bitcoin exchange service. BTC.AZ will be the country’s first BTC exchange services provider, and will also provide educational material on Bitcoin in the local Azerbaijani language. They are expected to....
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Azerbaijan is actively discussing the possibility of creating a “Cryptomanat” coin – the cryptocurrency equivalent of its national currency, the Azerbaijani manta, reports the Echo local newspaper. Discussions of creating a national cryptocurrency started in the CIS countries after an announcement from Russian payment service provider Qiwi last week regarding the creation of a "BitRuble" in Russia. According to the head of the Centre for Sustainable Development Research Nariman Agayev, some Azerbaijan citizens already tried to using the currency for financial transactions, but the venture....
Russian Internet ombudsman Dmitry Marinichev suggested allowing the use of cryptocurrencies to residents of Crimea. In his opinion, legal entities and individuals registered in Crimea should be allowed to use cryptocurrency wallets and make transactions with digital currencies. Elaborating on his proposal, Marinichev suggested the opening of cryptocurrency exchanges, as he believes it will help attracting new investments to the region. He referred to the example of Hong Kong that has managed to create one of the biggest Bitcoin exchanges. An important precondition for this initiative is....
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