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Russia blocks bitcoin websites over “shadow economy” fears

The Russian telecommunications regulator Roskomnadzor has blocked access to five bitcoin-related websites because the cryptocurrency “contributes to the growth of the shadow economy.” The sites include Bitcoin.org, a primary community resource for the cryptocurrency that’s run by the Bitcoin Foundation, the Bitcoin.it community wiki, the Russian-language BTCsec.com security site, the London-incorporated Indacoin exchange, and Russian bitcoin community site Coinspot.ru — although the …

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Russia building a unified system to defend against cyber attacks

By the end of 2014, the Russian government plans to review a law on critical information infrastructure that would enable the country to build a comprehensive defense system against cyber attacks. Igor Sheremet, one of the co-authors of the bill and board chairman of the Governmental Military-Industrial Commission, gave an interview to talk about the initiative.

St. Petersburg libraries creating an ‘alternative Wikipedia’ about Russia

The Presidential Library and National Library of Russia, both located in St. Petersburg, are working on a project that aims to become the Russian answer to Wikipedia. According to the Presidential Library’s chief spokesman Valentin Sidorin, the creators will not be writing an e-encyclopedia from scratch; they will merely systematize, digitize, and grant open access …

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Visa to lose up to $70 million to relocate transaction processing to Russia; national payment system set for completion by March 2015

Visa could lose up to $70 million in 2015 while relocating its transaction processing to Russia, news agency Interfax reported last week. “We expect to lose a part of revenues of approximately $50 million by the end of the fiscal year [Sept. 30],” Visa’s CEO, Charles Scharf, was quoted by Interfax as saying in a telephone conference. That number will likely increase to $70 million over …

Visa to lose up to $70 million to relocate transaction processing to Russia; national payment system set for completion by March 2015 Read More

Russian brain drain saps talent as sanctions hit financing

Artem Kulizhnikov, founder of a startup designed to help musicians annotate music, is packing his bags to leave Moscow in December. His destination: Dubai or Singapore, where he sees a better chance of securing funding for his second company. “Russian venture-capital funds want to invest their money only in Russia, but we want to build an international business and …

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Chinese premier reveals secrets of innovative growth at Moscow international forum

Last week, Moscow hosted the third edition of “Open Innovations,” a huge, internationally-focused tech forum and exhibition. The event was held at Technopolis Moscow, a large area in the eastern part of the Russian capital dedicated to developing high technology industries. At the site, representatives from more than 50 countries gathered. China was the special …

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Report: “Technology Commercialization as the Basis of Entrepreneurial Universities: The US Experience and Possibilities for Russia”

Dr. Alina Ilinova, an assistant professor and the tech transfer manager at Mining University in St. Petersburg, spent quality time earlier this year at the Maryland International Incubator (MI2, University of Maryland, College Park), studying the best international practices in the commercialization of university-originating technologies and the innovation ecosystems developed at UMD and other American …

Report: “Technology Commercialization as the Basis of Entrepreneurial Universities: The US Experience and Possibilities for Russia” Read More

Putin says he’s “not even considering” curbing Internet access

President Vladimir Putin said on Wednesday he would not restrict Internet access for Russians but Moscow must protect state domains against a surge of cyber attacks since the Ukraine crisis began. His remarks were intended to douse speculation that he plans a crackdown on use of the Internet, which he has called a “CIA project” used to organise …

Putin says he’s “not even considering” curbing Internet access Read More

Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register

The Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has informed Facebook, Gmail and Twitter that they must register in Russia as “organizers of distribution of information,” according to Russian legislation. “We informed them and one way or another we will force them to follow the law,” …

Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register Read More

Russia wants its own Booking.com

Russia could create a national online hotel booking platform, RIA Novosti and CNews.ru reported last week, citing Culture Minister Vladimir Medinsky. “There are plans to create [such a] system. Now we are looking very actively for business partners who can create a Russian analog to Tripadvisor or Booking.com,” Medinsky said at a Public Chamber session in …

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IIDF to support big data, wearable tech and Internet-of-things startups

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), the $200 million fund launched last year to support Russian Internet startups, announced the extension of its coverage to such new fields as big data, wearable devices and the Internet-of-Things. “We did quite a lot of research on technological trends across the world. Cloud, social and …

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