Russian Payment Operator Qiwi Plans to Launch Cryptocurrency: Government Objects
Qiwi, a Russian payment system operator, plans to begin issuing a cryptocurrency called "bitrubles" in 2016 and has met opposition from local officials, according to Kommersant, the business daily, and PRIME, a Russian news service. Officials fear the cryptocurrency could fund terrorism and money laundering. Sergei Solonin, CEO of the company, said Qiwi has already started designing the "bitruble" and the project may require several hundred million rubles. Lawyer: Central Bank Must Authorize Currency. Only the central bank is authorized to emit money in the country, according to law firm....
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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.....
Russia is not warming up to Bitcoin just yet, although the Russian Central bank wants to start experimenting with blockchain technology. During a recent conference, it became apparent a Russian R3CEV may be formed by QIWI to study and develop distributed ledgers. The situation regarding cryptocurrency in Russia is dicey at best, considering there is a....
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....
Qiwi, a Russian payment system operator and one of the country’s most active cryptocurrency players, will launch a test to track energy transactions using blockchain technology in partnership with Tavrida Electric, one of the world’s leading suppliers of circuit breakers and a global energy smart grid supplier. Each Tavrida Electric transaction will be recorded on the blockchain, according to Moscow-based Rambler News Service. The transactions will be visible to regulatory agencies and other energy companies on the blockchain. Qiwi said it could extend the project to other energy....
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....