country flagالعربية

​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.

Other news

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.