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Russian payments processor QIWI could introduce blockchain technology in power industry companies in 2017. As reported by RNS, the pilot project is currently being under development in association with Crimea-based Taurida Electric.

According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.

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.