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Russian Foreign Minister believes that Cryptocurrencies will be used to settle debts in future.
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If the future of finance is crypto, then Russia may be at a competitive advantage. Russian Foreign Minister Sergei Lavrov recently stated that he thinks cryptocurrencies could play an important role in financial settlements someday; if this becomes true, than it would put his country "to good use" as they
Russia's Social Network To Launch its Own Cryptocurrency
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Vkontakte, one of the largest social network platforms in Russia is planning to launch its own cryptocurrency. This platform is part of the Mail.ru Group in Russia. According to RNS, Vkontakte’s plan to create a cryptocurrency of its own is being made but they have not specified
Russian Government to adopt crypto regulation by July
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Recently on Wednesday, the Russian government received an order from the president Vladimir Putin to bring in federal law on cryptocurrency by July of this year. As per new instructions passed by Putin, there are total 47 orders to be passed. Specifically, the Russia has shown keen interest in considering
Russia To Detect Fake Diamonds Using Blockchain Tech
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A Russian startup has come up with a solution to detect fake diamonds using blockchain technology. This tech can also be used to trace the diamond making process and supply chain. According to TASS reports, A startup “Bitcarat” has come up with a technology for verification and tracking
Russian Church ordered to pay extra for Crypto-Mining
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In a recent report, a Russian Church is asked to pay the extra electricity fees for crypto-mining. The fact that mining is a power consuming process has drawn a lot of attraction among various countries to levy additional charges throughout the world. The church involved in the above-mentioned report is
The Bank of Russia ICO Test was Successful
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The Bank of Russia had organized an ICO test which took place successfully. This test is based on issuing tokens which took place in the “Sandbox” framework on a regulatory platform of the Bank of Russia. According to TASS Russian news, Sberbank CIB and the National Settlement Depository
Russian Police Confiscate 22 Crypto ATM’s in 9 Cities
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The Police in Russia has confiscated 22 Crypto ATMs from stores and restaurants of 9 cities. This was done due to unregulated crypto ATM machines were operational and require regulation to run them. The order to confiscate was given by Prosecutor’s Office and Central Bank of Russia. The Reason
Moscow’s Government Use Ethereum to Support Farmers Market
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Moscow capital of Russia where farmers from nearby farms cultivate wheat and barley during the season. After the harvest before the farmers sell the crops, they need to bid for trading spots in the Markets. The government of Moscow has a plan to use Ethereum to allot trading spot during
