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​Blockchain and digital currency in Russia .. between acceptance and rejection

2019-06-17 09:00 am | Resource: News Section | No Views : 69

​Blockchain and digital currency in Russia .. between acceptance and rejection Russia seems to be close to using blockchain technology in its various applications, while still far from digital currencies.
Last week, in St. Petersburg, an annual forum of Russian dignitaries from the economic sector and digital currencies was a hot topic there, it was clear that government agents and state-controlled companies were loudly talking about their interest in block chain technology, Keep away from currencies.
At the same time, the digital currency regulatory framework is still missing in the country, although the local authorities have been mandated to prepare the amendment.
Russia's position on digital currencies was mixed and volatile, as evidenced by the appearance of "CryptoRuble" - a fixed national currency project. First, the possibility of using an alternative to traditional funds was considered "illegal" by the financial ombudsman Pavel Medvedev. After that, the Kremlin decided that the currency could "reduce the volume of anonymous transactions," or even help avoid Western sanctions, and thus highlight the project. However, the CryptoRuble ended up in the back burner in the end, as the current status of the project is unclear. The last time mentioned in the news was in January 2019, when a government official announced that the matter could be decided "within 2-3 years", although the CBR was very reluctant to act on the idea.
But when you look at the blockchain technology in Russia, it will be more optimistic, as things are going in a clear upward trend.
Last week, Russian authorities signed an agreement with Danish logistics giant Maersk to launch TradeLens, a blockchain-based shipping platform across Russia to digitize paper transfers. Earlier last month, Russia's state-owned Rostec proposed an ambitious roadmap on the implementation of a block chain in all government data systems - all of which suggests Russia's intentions toward technology are becoming increasingly dangerous.

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