Blockchain

Blockchain considered in proposal to improve regulating Russia’s National Payment System

August 31, 2017

Russia’s Association Financial Innovation (AFI) released a “roadmap” for improving the regulation of the National Payment System (NSPK in Russian) that includes using blockchain technology, according to Plusworld, a Russian news source. Following discussion, the proposal is to be submitted to the Bank of Russia, the Ministry of Finance, the Federal Financial Monitoring Service and the …

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Qiwi is working on a Blockchain energy project in Crimea

August 31, 2017

Qiwi, a Russian payment system operator and one of the country’s most active cryptocurrency players, will launch a test to track energy transactions using Blockchain technology in partnership with Tavrida Electric, one of the world’s leading suppliers of circuit breakers and a global energy smart grid supplier. Each Tavrida Electric transaction will be recorded on …

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Bear in Blockchain: Russia’s frosty attitudes to cryptocurrency thawing

December 23, 2018

The Blockchain technology is attracting an increased interest from the Russian financial institutions and IT companies and may be poised to overcome skepticism from Russian regulators. This is perhaps not surprising, given Russia’s prominence in the technology sector with over 120,000 local programmers and continuing growth in e-commerce and online activities. However, certain legal obstacles may still pose challenges for …

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New Blockchain social media platform speaks with a Russian ‘Voice’

December 23, 2018

With cyber.Fund using Steemit as a template, Voice is intended to cater to the uniqueness of the Russian people, as contributions to the Steemit website are primarily in English, although there are posts in a few other languages. In an official release by Bitcoin Conference Russia, cyber.Fund stated that they looked to create a decentralized social network for authors, bloggers and …

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After South Africa, Russia’s Central Depository partners with China over blockchain

August 31, 2017

A memorandum of understanding signed yesterday sees Russia’s National Settlement Depository (NSD) and the China Securities Depository and Clearing Corporation Limited (CDSC) – both their respective countries’ central securities depositories – partner to develop blockchain applications in the post-trade space. The partnership was announced yesterday by the NSD, which has also engaged in a similar endeavor to develop blockchain solutions …

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Russia’s Sberbank joins international blockchain project

August 31, 2017

Under an agreement signed last week with the Linux Foundation, Sberbank, the Russian savings giant, is joining the Hyperledger Project. Launched in December 2015, the Hyperledger Project defines itself as “a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way …

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Major financial players announce blockchain exploration consortium in Russia

December 23, 2018

Earlier this month major companies from the Russian financial industry announced the creation of a consortium for joint exploration and project implementation in the field of blockchain and related technologies. Accenture, BINBANK, MDM Bank, Bank Otkritie, QIWI Group and Tinkoff Bank have expressed their intention to join the Consortium. The consortium presents itself as “Russia’s …

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