Policies

Russia to promote environmental projects with “green cryptocurrency”

September 14, 2017

The All-Russia People’s Front (ONF), led by President Vladimir Putin, has submitted a proposal to the Russian government to create a “green cryptocurrency” to promote green energy and the development of environmental projects. The coordinator of the ONF project called “General cleaning”, Dmitry Mironov, stated that it is time to create a federal law on …

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Russia plans to regulate cryptocurrencies like securities, says minister amid contradictory signals

September 14, 2017

In contrast with China, which has just banned ICOs, the Russian government plans to regulate cryptocurrencies like securities, Finance Minister Anton Siluanov told reporters on Friday last week. These statement marks a full reversal from his ministry’s proposal last year to punish people who use digital currencies with up to seven years in jail, notes Bloomberg. Contradictory …

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Russia and Japan launch joint $1 billion fund to invest in healthcare, industrial and tech projects

September 11, 2017

Last week at the Eastern Economic Forum in Vladivostok the Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) announced the launch of the Russia-Japan Investment Fund (RJIF), after completion of the registration and establishment procedures. The launch follows a Memorandum of Understanding (MoU) signed in late 2016 in which each party …

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Putin to Russian students: “Whoever leads in AI will rule the world”

September 10, 2017

Just three months after demonstrating an unexpected interest in the Ethereum technology — in which he sees a potential instrument for tech modernization, — Vladimir Putin has shared with Russian students his far-reaching views on artificial intelligence (AI). In a 45-minute “open lesson” about science on Friday, the Russian president told Russian students that “whoever becomes the …

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Russian authorities consider keeping Bitcoin away from the public

September 1, 2017

In a turn of events, Russia’s deputy minister of finance Alexey Moiseev has claimed bitcoin is akin to a high-risk “financial pyramid,” hence requiring tight regulation. The Ministry of Finance is in discussion with Russia’s central bank and the Moscow Stock Exchange about such regulation, said Moiseev in a TV interview with Russian channel Rossiya 24. The authorities …

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Russia joins forces with Ethereum Foundation to deploy Blockchain technologies in state administrations

December 23, 2018

This past Tuesday VEB, a major state-owned Russian development bank, signed a partnership agreement with the Ethereum Foundation to develop and implement Blockchain-based government applications. The Foundation’s founder Vitalik Buterin and VEB President Sergey Gorokov Chairman both took part in the signing ceremony, which was held during a Blockchain conference in Kazan, the capital of the innovation-friendly …

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Russia’s first deputy PM supports a state cryptocurrency

August 31, 2017

In an interview with Russian publication RBC, Igor Shuvalov, Russia’s First Deputy Prime Minister spoke of his support for cryptocurrencies. The senior official specifically called for the creation of a “crypto-ruble,” a state-backed cryptocurrency that would, according to him, make the Russian economy stronger. The Russian official’s comments come with months of the notable revelation that …

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Russia starts working on Blockchain standardization

December 23, 2018

This past Tuesday Russia’s Federal Agency for Technical Regulation and Metrology (Rosstandart) appointed a new technical committee to work on the standardization of “the software and hardware of distributed register and Blockchain technologies.” “The standardization of Blockchain will allow these technologies to develop at a new level,” expects the agency, acknowledging that Blockchain technology is “actively …

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Russia prepares to develop high-tech infrastructure for driverless transport

August 16, 2017

According to a resolution published last week, the Russian government intends to create an IT and telecom infrastructure for driverless transport across the country’s roads and highways. According to the plan, the rollout will start with large cities as well as the north-south and east-west transport corridors. Artificial intelligence solutions will be used in public …

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Kremlin bets on digital strategy to boost voter turnout, Mail.Ru Group likely to support the campaign

August 11, 2017

The Russian government is likely to hire the services of Mail.Ru Group, a leading Internet group, to boost voter turnout in next year’s presidential election, the business publication RBC reported Wednesday. The authorities bet such a digital strategy is likely designed to dispel concerns about a weak mandate for Russia’s next president. According to RBC, a …

Kremlin bets on digital strategy to boost voter turnout, Mail.Ru Group likely to support the campaign Read More

Legal experts warn: Russia’s ‘Big Brother law’ contradicts new EU regulation, putting at risk international data exchanges

August 7, 2017

The legislation adopted last year in Russia to strengthen state control over digital communications is not fully compatible with the new EU regulation in the field of personal data protection, believe Russian experts interviewed by the business daily Vedomosti and East-West Digital News. Such a contradiction, if confirmed, would expose Russian mobile operators to considerable …

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