According to Alla Bakina, the head of the Central Bank’s department of national payments system, the regulator is working on applying financial technologies to create a national cryptocurrency and regulate other cryptocurrencies and exchange platforms.
According to Sergei Shvetsov, the first deputy chairman of the Bank of Russia, a local Russian exchange may start cryptocurrency trading.
Blockchain will see mass adoption in seven to ten years at least, Deputy Chairwoman of Russian Central Bank Olga Skorobogatova believes.
Elvira Nabiullina, the head of Russia’s Central Bank, says the regulator is analyzing introduction of bitcoin regulation, however, it doesn’t want to hurry things since it sees a lot of inherent risks. Speaking at the St. Petersburg International Economic Forum, she told CNBC: “We’re analyzing now this possibility and I.
ChronoPay, one of Russia’s oldest online payments providers, is including bitcoin to its payment gateway, enabling all of its clients to accept the world’s most popular cryptocurrency.
Physicists at the Russian Quantum Center have created and tested the world’s first ‘quantum blockchain,’ an unhackable system for distributed data storage.
According to Olga Skorobogatova, the deputy chairwoman of the Central Bank of Russia, the Bank of Russia is going to consider bitcoin and other cryptocurrencies a digital commodity.
Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.