Russia’s National Cryptocurrency Would Ban Rivals
Russia’s Deputy Director of the Federal Financial Monitoring Service just revealed that discussions are underway between the Central Bank and the Ministry of Finance regarding a national cryptocurrency. Russia’s Own Crypto on its Way? Deputy Director of the Federal Monitoring Service, Pavel Livadny, says that Russian citizens will be able to purchase the....
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The Central Bank of Russia is testing a number of digital currency pilots toward the development of a national digital currency. Speaking at the 2017 St. Petersburg International Economic Forum today, deputy chairwoman of Russia’s central bank Olga Skorobogatova has, in a significant revelation, stated that the regulator is working on a national digital currency. According to a report by TASS, Russia’s largest news agency, Skorobogatova sees national cryptocurrencies as the future and claimed that it’s merely a matter of time before countries around the world adopt national digital....
Olga Skorobogatov, deputy chairman of the Bank of Russia (Russia’s central bank) has, in a blockchain conference, spoken about the possible development and creation of a national digital currency in the Russian Federation. Speaking at the “Blockchain and Open Platforms” conference in Russia, Deputy Chairman of the Bank of Russia Olga Skorobogatov has suggested that a national digital currency is likely to be developed in the future. She cited the increasing relevance of distributed ledger or blockchain technology, an innovation that will come to being used in Russia’s financial markets as....
The National Settlement Depository (NSD), Russia’s central securities depository, has developed and successfully tested an e-proxy voting system running on a distributed ledger built with the NXT distributed cryptographic platform. The project's open-source code is available on GitHub. The NSD, a member of the Moscow Exchange, is a Russian nonbanking credit organization, Russia’s central depository and a professional securities market player. The organization provides depository, banking settlement and relevant services to market players. “Over the past ten years, the global financial....
Despite the recent court ruling that overturned a previous decision to block access to at least five Bitcoin websites, Russia’s supervision agency has blacklisted one of the country’s most popular Bitcoin-related websites. On May 27, Russia’s Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor) effectively blocked access to one of Russia’s most popular Bitcoin news websites, BitNovosti.com. When attempting to access the domain within the country, users are instead met with the following message from the authorities: “This site has been blocked by order....
Ethereum founder Vitalik Buterin recently spoke on the possibilities of applying his decentralized smart contracts platform in Russia, the proposed cryptocurrency ban in the country, and talked with representatives from the country’s central bank at a fintech event held in Russia’s “Silicon Valley.” Ethereum Fuels Russian Interest. The event was held on....