While the Russian government and the central bank are preparing to regulate cryptocurrencies and ICOs — with a draft bill expected to be ready by mid-2018 — notable divergences on the matter can still be observed among the concerned authorities. Thus Russian officials are wrestling with central bank Governor Elvira Nabiullina to allow the trading of cryptocurrencies …
Russian authorities still at odds over cryptocurrencies Read More
Since this past July, Russian retailers have been required to use internet-connected registers which transmit sales data to the authorities to improve tax collection. But retailers were left counting the cost of a holiday-season glitch that may have caused billions of rubles in lost sales after the failure of some of these registers. “A retail nightmare came …
Russia suffers holiday retail nightmare as cash registers crash Read More
A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. The MoneyTaker group broke into 20 systems, which includes 15 U.S. lenders, targeting ATMs with “mules” …
Hackers linked to Russians target banks from Moscow to Utah Read More
Fintech is exploding in Russia, albeit from a very low base. bne IntelliNews editor-in-chief Ben Aris sat down with Campbell Bethwaite, the managing partner of Redstone Capital (recently renamed from Finteca) to talk about the sector and its prospects. Redstone is a holding company that has set up a number of fintech businesses in Russia that are seeing exponential …
Yesterday Sberbank, the national savings banks, announced the completion of “the first-ever pilot blockchain payment transaction in the Russian banking industry.” The transaction used the IBM Blockchain Platform on the basis of HyperLedger Fabric. Sberbank’s partners and participants in the pilot were mobile operator MegaFon and its R&D unit MegaLabs, Alfa-Bank, and IBM. Sberbank CIB, …
Sberbank carries out Russia’s first payment transaction using blockchain technology Read More
Last week Sberbank, Russia’s national savings bank, announced an investment in VisionLabs, a Russian startup specializing in facial recognition, data analysis and robotics. The deal, the terms of which remain undisclosed, aims to support VisionLabs’ expansion on the international markets, including Europe, the USA and Asia. Sberbank has acquired a 25.07% stake, the remaining shares belonging to …
Sberbank invests in VisionLabs to build “unique biometric identifier” Read More
On December 8-9, Moscow will play host to Cryptospace Conference presented as Eastern Europe’s largest conference dedicated to the Blockchain technology and cryptocurrencies. The event, organized by KICKICO, aims to overcome the localization of standard activities of the Russian crypto community, to bring them to a new level thanks to 40 top speakers from Asia, …
Moscow to host major conference on Blockchain and cryptocurrencies (Dec. 8-9) Read More
CarMoney, a Russian startup which allows you to borrow money against your car, attracted a $10 million bridge round from Russian business angels. The investors the names of whom remain undisclosed acquired a minority stake in the company. The news reported last week by the local tech blog Firrma.ru. The fresh capital will be used …
Money lending startup CarMoney secures $10 million from local investors Read More
Last week Yandex.Money, a leading online payment service in Russia, released Yandex.Gas, a new application intended for drivers to pay for fuel remotely — without leaving their car and queueing at the cash register. Payment can be made with the Yandex.Money e-wallet or using a Mastercard bank card. Yandex.Money plans to expand the range of available payment …
Yandex.Money and Lukoil launch new app to make payments at gas stations easier Read More
Vnesheconombank (VEB), a major Russian state-backed bank and a key participant in the country’s official digital economy program, intends to teach government officials the science of Blockchain. The 18-hour “Introduction to the Blockchain Technology” will include both theory and practice. The launch date has not been specified. Just weeks before, the bank signed with Roseltorg, …
While the Russian government and the central bank are preparing to regulate cryptocurrencies and ICOs — with a draft bill expected to be ready by mid-2018 — the authorities have taken steps to limit cryptocurrency trading in the country. Thus yesterday Roskomnadzor, the Internet and telecom regulator, announced that it has blocked access to 13 …
Russia blocks access to 13 cryptocurrency trading sites Read More
Creative marketers and Blockchain programmers have teamed up to launch mytime, a platform designed to reward online buyers of services for their time. “Our time is finite while the amount of services and content keeps growing. Companies fight for customers’ attention. We offer to turn time into a measurable value and give an efficient tool …
New Blockchain platform aims to turn Internet time into cryptocurrency Read More
