Tag Archives: Russia

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 […]

Russian Minister: It’s ‘Impossible’ to Ignore Cryptocurrencies

Russian Minister: It’s ‘Impossible’ to Ignore Cryptocurrencies

A minister within the Russian government is speaking out against the idea cryptocurrencies should be banned, calling the technology “impossible to ignore.” Mikhail Abyzov, who was appointed Minister for Open Government in 2012, made the remarks during an interview with Russian-language news source RIA this week. However, during the talk, he said that he believes “a […]