Russian Official: Payment Giant Qiwi's Digital Currency Idea 'Illegal'
A Russian government official has spoken out against a leading domestic payments company's plan to release its own digital currency sometime next year. Reports by Russian-language news services Kommersant and Pravda suggest that QIWI, a Moscow-based payments firm, is working to develop a bitcoin-like currency that will be a virtualization of the ruble. Sergei Solonin, QIWI's CEO, told Kommersant in an interview that the concept could be deployed as early as next year. However, a report from state-owned news service TASS suggests that Russian officials aren't warm to the concept. According....
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CoinTelegraph has reached Qiwi for comments and they assured us that all necessary actions have been taken to correct information on the website. The largest among payment market players in Russia include, beside Qiwi and Skrill, Yandex.Money, WebMoney, and PayPal. Are their businesses under threat too? Official notice. Roskomnadzor, Russian state authority that oversees all media in the country, has issued an official warning to block payment systems Qiwi along with Skrill for alleged provision of payment services for illegal online casinos. Services were given 3 days time period to....
Despite Russian banks being unfriendly towards bitcoin, Qiwi is planning to develop its own Cryptocurrency. The Qiwi Wallet is a Russian electronic payment system and credit card processor, launched at the end of 2007. The system allows customers to quickly and conveniently make online purchases, online payments, and much more. The Payment services provider Qiwi PLC (NASDAQ: QIWI) is currently one of the most popular Russian online payment Services providers. The company announced it was planning to issue its own digital currency and start using the blockchain technology. The company....
New details have emerged about Russian payments giant Qiwi's plans to issue its own cryptocurrency. Russian-language bitcoin news site ForkLog spoke with Qiwi communications director Konstantin Koltsov and Alexei Arkhipov, who is overseeing the project, about the "bitruble", which made waves in Russian media circles last month after the firm announced its intentions. Russian government officials like financial ombudsman Pavel Medvedev later denounced the plan, but the company has moved ahead, filing for relevant trademarks and floating the notion of backing the currency with commodities.....
A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied.
Anonymous Affiliate Hacks Russian Payment System Qiwi
Hackers from Network Battalion 65 (NB65), a group linked to the decentralized hacktivist collective Anonymous, revealed in a recent tweet they had hacked Qiwi, which is a major provider of payment and financial services in the Russian Federation and other countries....
A new blockchain-based digital currency called project BitRuble is expected to launch in early 2016 sais Sergey Solonin. Russian payment service provider Qiwi has reportedly invested “several hundred million rubles” to develop the first cryptocurrency designed for the Russian market. Qiwi’s General Director Sergey Solonin stated: Blockchain technology will serve as the basis for the BitRuble. However, the fate of this currency might solely depend on whether Russia’s Central Bank and the government will give the project the green light according to CEO and co-owner of Qiwi, Sergei Solonin.....