Blockchain: The new oil of Russia


Currently, the energy sector dominates Russia’s economy; The national banking system is considered underdeveloped in many areas. The latest blockchain conference in Taterstan is now announcing changes. At least this implies their title: “Blockchain: The new Oil of Russia”. It remains to be seen whether the blockchain actually takes the rank of Russian petroleum. In any case, the news about blockchain from the East is growing.

Putin’s Internet consultant founds Blockchain Association

Putin’s probably the most important contact person in Internet, Herman Klimenko, according to Russian media reports, announced the founding of the “Russian Association for Blockchain and cryptic diseases”. The association wants to initiate a dialogue with the legislature on the legalization of cryptic diseases and the possibilities of blockchain for the state and the economy. At the same time, a discussion platform for legislative initiatives and regulatory measures is to be created.

According to a report by the Institute for Internet Development, the association is divided into four areas: cryptography and mining, secondly ICOs and crowdfunding, thirdly blockchain and fourth international cooperation.

Ethereum enters partnership with the Russian state bank

Last weekend, Ethereum Russia and the Russian state bank Vnesheconombank (VEB) signed a cooperation agreement. The agreement is a long-term partnership. In this context, Ethereum Russia is to support VEB through its expertise, particularly in the training of specialists and in the research and development of block-based solutions.

Vitaly Buterin commented, “The partnership between Ethereum and VEB provides a unique opportunity to explore and develop the benefits of blockchain for government administration, as well as speed up the adaptation of technology in government organizations in the Russian Federation.”

Ethereum Russia is an independent legal entity founded by Vitalik Buterin, together with Vladislav Martynov, to keep the Ethereum Foundation “pure” and protect it from conflicts of interest.

Moscow Stock Exchange: No plans to introduce bitcoin trading

On the other hand, it is not the case that a number of reports have been received which have spread the news that the Moscow stock exchange would include Bitcoins trading.

Apparently the media reports go back to the misunderstanding of an opinion of Deputy Finance Minister Alexey Moiseev. At the beginning of this week, the company had decided to limit the trading of cryptic currency for consumer protection reasons to “qualified investors” and regulated markets; In this context, he mentions the Moscow Stock Exchange.

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