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Russia’s deputy minister of finance Alexei Moiseev has stated that users who conduct cryptocurrency transactions have to be identified. According to RNS, the official also believes that cryptocurrencies could be classified as “other property” as described in the country’s civil code.

June 8th, 2017, Ukraine’s Ministry of Justice signed a memorandum on cooperation with leading blockchain infrastructure provider BitFury.

According to Alla Bakina, the head of the Central Bank’s department of national payments system, the regulator is working on applying financial technologies to create a national cryptocurrency and regulate other cryptocurrencies and exchange platforms.

According to Sergei Shvetsov, the first deputy chairman of the Bank of Russia, a local Russian exchange may start cryptocurrency trading.

Blockchain will see mass adoption in seven to ten years at least, Deputy Chairwoman of Russian Central Bank Olga Skorobogatova believes.

Elvira Nabiullina, the head of Russia’s Central Bank, says the regulator is analyzing introduction of bitcoin regulation, however, it doesn’t want to hurry things since it sees a lot of inherent risks. Speaking at the St. Petersburg International Economic Forum, she told CNBC: “We’re analyzing now this possibility and I think we should understand more […]

ChronoPay, one of Russia’s oldest online payments providers, is including bitcoin to its payment gateway, enabling all of its clients to accept the world’s most popular cryptocurrency.

Physicists at the Russian Quantum Center have created and tested the world’s first ‘quantum blockchain,’ an unhackable system for distributed data storage.