Tag Archives: Russia

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not […]

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]

Anti-Dollar in Full Force, While Bitcoin Increasingly gaining Traction all over the World

Anti-Dollar in Full Force, While Bitcoin Increasingly gaining Traction all over the World

The warfare between the US and a number of countries like China, Iran, Venezuela, North Korea, Cuba, Turkey, and Russia among others is ensuing, that has these nations going anti-dollar, creating their own national cryptocurrencies and backing out of the US-based SWIFT system. Meanwhile, Bitcoin and crypto adoption are on the rise. Anti-Dollar awakening happening […]

Dash Core Group CEO: Venezuela ‘2nd Biggest Market’ as Interest in Crypto Spikes

Dash Core Group CEO: Venezuela ‘2nd Biggest Market’ as Interest in Crypto Spikes

Venezuela has become the second biggest market for Dash (DASH), with almost one hundred merchants accepting the cryptocurrency each week, a spokesman told mainstream media Wednesday, August 22. Speaking to Business Insider, Ryan Taylor, CEO of Dash Core Group, which is the legal entity behind Dash’s core development team, said interest from both businesses and consumers was rising week by […]

Pax Crypto: Russia Proposes First Multinational Cryptocurrency, Expert Blog

Pax Crypto: Russia Proposes First Multinational Cryptocurrency, Expert Blog

At the end of the 12th century, unexpectedly, Genghis Khan created the world’s largest empire, gaining control over the trade route “the Silk Road” which stretched across China to Eastern Europe. Secured under Mongolian leadership, during the Pax Mongolica period, the Silk Road was particularly safe from raiders as well as taxes, which stimulated free […]

Russian Central Bank Official: ICOs Have ‘Huge Potential’

Russian Central Bank Official: ICOs Have ‘Huge Potential’

A senior official at Russia’s central bank said earlier today that he believes initial coin offerings (ICOs) could drive funding opportunities for startups. According to the state-owned news service TASS, Bank of Russia first deputy chairman Sergei Shvetsov said that the central bank would “support the development” of the blockchain funding model. It’s a notable development, given […]

Russia’s Largest Bank Joins Enterprise Ethereum Alliance

Russia’s Largest Bank Joins Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance just welcomed its first Russian member. After signing up more than 100 businesses to build enterprise distributed ledger technology compatible with the ethereum blockchain, the group has added Sberbank, the nation’s largest bank, to its growing list. Revealed in interview with CoinDesk, Sberbank framed its addition to the alliance as a new […]

Russian President Vladimir Putin: Cryptocurrency Poses ‘Serious Risks’

Russian President Vladimir Putin: Cryptocurrency Poses ‘Serious Risks’

Russian president Vladimir Putin said in a meeting today that cryptocurrencies pose significant risks related fraud and money laundering. Quoted by Russian state news service TASS, Putin was speaking during a meeting that was focused on the subject of cryptocurrencies and financial tech more broadly. In the meeting, he formally voiced his support for new rules around […]

Blockchain Truce? Putin’s Internet Adviser Calls for US-Russia Cooperation

Blockchain Truce? Putin’s Internet Adviser Calls for US-Russia Cooperation

An adviser to Russian President Vladimir Putin has a strong message for state governments: stop competing for blockchain dominance. As China, Russia, the U.S. and other countries around the globe seek to distinguish themselves in the way they regulate their approach to blockchain and cryptocurrencies, Herman Klimenko said that global superpowers should unite to create […]