#Russia

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

According to Olga Skorobogatova, the deputy chairwoman of the Central Bank of Russia, the Bank of Russia is going to consider bitcoin and other cryptocurrencies a digital commodity.

Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.

Kolionovo Ecosystem, a project aimed at creation and a large-scale testing of the model of the local economy and raising funds for the development of real production of agricultural goods and services, announced it successfully concluded its crowdfunding campaign raising $510,533.

Valentin Katasonov, a Russian economist and professor at the international finance chair at the Moscow State Institute for Foreign Relations, has claimed that Western intelligence services are behind cryptocurrencies.

A blockchain-based platform for intellectual property management first announced in Russia in late 2016 may be released by efforts of Skolkovo Foundation, banks, a handful of Russian universities and societies for collective management of rights.

According to Alexei Moiseev, deputy minister for Russia’s ministry of finance, the department has no plans to issue licenses for bitcoin sales.