Russia | ForkLog - Part 116

ForkLog 72 13.04.2016

Russia Intends to Launch a Blockchain Project to Identify Bank Customers

Russian developers used blockchain technology to implement several pilot projects on biometric identification for bank customers. The projects were the subject of discussion at early April’s meeting of “Internet + Finance” group. Attending the meeting were Pavel Pugachyov, deputy head of Russian President’s directorate for Development of IT and E-Democracy, Andrei Romanenko, head of “Internet […]

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ForkLog 41 12.04.2016

Bank of Russia Concedes Using Blockchain Technology to Issue Smart Bonds

April 12, in the course of Exchange Forum 2016 in Moscow, head of Bank of Russia’s department for financial market development Yelena Chaikovskaya told that the Central Bank was watching the blockchain technology closely, and the attention was rather positive. Moreover, she said, blockchain may be used in the Central Bank’s project for bondization in […]

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ForkLog 66 08.04.2016

Speaker at Bitcoin Conference Moscow Claims He Intends to Bring Vitalik Buterin to Russia

In the course of Bitcoin Conference Moscow, currently occurring in Russia’s capital, one of speakers stated he intends to bring Ethereum’s founder Vitalik Buterin to Moscow.

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ForkLog 41 23.03.2016

Moscow-based Company Attempted to Register “Bitcoin” as a Brand

According to Rospatent, Russian patent bureau, a few days ago Moscow-based M-Group LLC failed to register “Bitcoin” as a brand. The company’s application required to register the trademark for classes 38 and 36 (telecom and financial operations respectively) of the International Classification of Goods and Services. Rospatent rejected to register the trademark as “the provided […]

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ForkLog 67 22.03.2016

Russian Payments System Started Accepting Bitcoins

Russia-based payments system OOOPay has added an option of accepting and withdrawing Bitcoin for users. Sergei Kravtsov, executive director of the company, says Bitcoin withdrawal is presently available via mass payments. A user may personally set up the option in the personal account. The withdrawal is also available by means of currency exchange. “Blockchain technology […]

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ForkLog 124 18.03.2016

QIWI: BitRuble Is Not Subject to Cryptocurrency Ban

March 10, Russian ministry of finance proposed to introduce up to seven years of imprisonment as a punishment for issuance and usage of money surrogates, including Bitcoin and other cryptocurrencies. ForkLog most certainly recalled QIWI’s project BitRuble, which at first thought is definitely subject to the law in question.

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ForkLog 78 10.03.2016

Russian Ministry of Finance Proposes 7 Years of Imprisonment for Issuance of Cryptocurrencies

Russian ministry of finance proposes to introduce a punishment of seven year-long imprisonment for issuance of money surrogates including cryptocurrencies, Interfax reported with a reference to the agency’s sources in the ministry. The notification as to preparation of relevant amendments to the Criminal Code of Russia was published on March 10 on a site dedicated […]

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ForkLog 87 01.03.2016

Bank of Russia May Use Blockchain to Control Microfinancing Market

Bank of Russia concedes employing blockchain technology to de-criminalize microfinancing market and enhance its transparency, Izvestia reported.

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ForkLog 75 26.02.2016

Russian Authorities Still Undecided on What to Do With Bitcoin

Cryptocurrency-related news from Russia are plentiful this week following a meeting of the parliament lower chamber’s working group on digital currencies. Governmental stance towards cryptocurrencies is apparently yet to be finally determined, as there have been numerous reiterations as to future of virtual money in the world’s largest country.

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ForkLog 45 25.02.2016

Russian Draft Law Criminalizing Cryptocurrecnies to Be Reviewed in June

The draft law developed by Russian Ministry of Finance, which implies criminal punishment for issuance and turnover of crytocurrencies, will be submitted to the parliament in June at the latest, TASS reported citing a source in the ministry.

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ForkLog 88 25.02.2016

FDCS of Russia: Drug Dealers Use Bitcoin 20 Times as Often

According to RIA Novosti, Dmitri Buyanov, eputy head of the Federal Drug Control Service of the Russian Federation, has stated that Russian drug dealers started using cryptocurrency twenty times as often during the last year.

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ForkLog 82 25.02.2016

Russian Company Acronis to Develop a Blockchain Project

According to Vedomosti, Russian developer company Acronis intends to integrate blockchain technology in its backup solutions. Acronis, headquartered in Singapore, develops storage and backup software solutions for international markets. According to the company’s CEO, Sergei Belousov, 3% of overall sales account for Russia, 40% for Europe, 35% for Americas, and 25% for Asia and the […]

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