The Central Bank of Russia Expects Blockchain-based Financial Systems to Emerge by 2018The Bank of Russia believes that emergence of blockchain-based systems for financial markets is very likely to happen in 2017 or 2018. Olga Skorobogatova, deputy chairwoman of Russian Central Bank, stated during her meeting with representatives for commercial banks: “From the regulation and financial market protection points of view, the technology will probably be used […]
Putin’s Internet Counselor: Accepting Bitcoin is a CrimeGerman Klimenko, Vladimir Putin’s internet counselor assigned to the position by the Russian president in early 2016, stated in an interview to local news service Lenta.ru that accepting bitcoin is a crime. “Bitcoin is not the first one, there are other settlement means. Accepting bitcoin as a payment for anything is inacceptable because it is […]
Russian Ministry of Finance Thinks Bitcoin Threatens National SecurityAccording to Russian Ministry of finance, so-called money surrogates, a term usually encompassing cryptocurrencies, may be a threat both to the country’s economy and national security.