Cryptocurrencies

Russia’s central bank seeks active involvement in fintech developments

June 3, 2016

Over the past few months Russia’s Central Bank has made several steps to track and get involved in the developments of financial technologies. In February, the bank created a working group to implement fintech innovation in cooperation with market players. Among the fields of investigation of this working group are Blockchain technologies and the way …

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Russia plans to launch its own national cryptocurrency

August 31, 2017

Russia’s federal financial monitoring service, Rosfinmonitoring, has announced that the country will soon have its own national cryptocurrency, according to the newspaper Kommersant. No official proposal has yet been written to this effect, but the idea of a cryptocurrency is being discussed with bank representatives at sessions organized by the Ministry of Finance and the Central …

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Sberbank’s CEO blasts proposed bitcoin ban

October 3, 2016

Russia’s proposed bitcoin ban will hinder blockchain technology’s development in the Russian Federation, according to German Gref, chairman of the board at Sberbank, Russia’s national savings bank, and former economic development minister, speaking at the Skolkovo business school Saturday, according to Lenta.ru, a Moscow-based news site. Gref said blockchain is a new web technology comparable …

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