Russian Banking Association Insists Moving ‘Working’ Processes on Blockchain Makes No SenseElman Mekhtiyev, executive VP of the Russian Banking Association, believes that implementing blockchain in processes that are already working fine makes little sense. According to Mekhtiyev, it’s too early to say the technology would prevail until there is a particular case where blockchain is better than centralized solutions.
Russia Lacks Legal Terrain for Cryptocurrency Regulation Says Technology AdvocateElina Sidorenko, head of Russian State Duma (Parliament) working group on assessment of cryptocurrency risks, admits there’s not much to say about legalization of cryptocurrencies die to the legal vacuum.
Russian Tax Service Voices Stance on CryptocurrenciesOn November 29th, a letter from Russia’s Federal Tax Service No. ĐžA-18-17/1027 d.d. 10.03.2016 was added to the local legal reference system Consultant Plus. The letter in question covers the official stance of the authorities on cryptocurrencies in Russia.
Russian National Settlement Depository Blockchain Project Nominated for Futures & Options World AwardsRussia’s National Settlement Depository (NSD) blockchain-based project for e-voting (E-proxy Voting) has been nominated for Futures & Options World (FOW) International Awards in the ‘Best New Technology Product’ Category.
Number of Bitcoin Ban Supporters Decreases in RussiaAccording to a nationwide survey by NAFI Center for Analytics, over the course of the last 12 months the percentage of Russians believing that bitcoin should be banned has dropped down to 20 per cent, with 34 per cent speaking in favor of the cryptocurrency.
Sberbank Official Says National Cryptocurrency Is a Foundation for Digital EconomyOver this year, Sberbank, Russia’s biggest bank, has proven its interest in blockchain technology in practice. The bank has launched several major blockchain-related projects focused on IT, insurance, trade financing, and documents exchange between companies and departments.
Russian Hacker Detained in Czech Republic May Be Linked with BitMarket HackAccording to Tal Be’ery, Microsoft Security Research Manager, Yevgeniy Nikulin, a Russian hacker detained in the Czech Republic earlier this month, may be linked to BitMarket bitcoin exchange hack back in 2013.
Roskomsvoboda to Challenge Bitcoin Sites BanThe Center for Protection of Digital Rights has proceeded with bitcoininfo.ru and localbitcoins.com cases. The Center’s lawyers have filed appeals at the Leningrad Oblast Court challenging the rulings that violate substantive and procedural laws. The sites in questions had been banned in Russia this September. Timeweb.com, the hosting provider for bitcoininfo.ru, has blocked access to […]