Russian Project Receives a Banking License for the Implementation of Cryptocurrency Operations

The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.

Russian Payments Giant QIWI Acquires Fintech Accelerator InspiRUSSIA

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.

Facebook and MasterCard Researches Say Young Generation Prefers New Fintech Services Over Banks

According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.

Sberbank Subsidiary Launches Cornerstone, a Blockchain Service for Protected Transactions

Delovaya Sreda (“Business Environment”), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.

Bank of Russia Leads New Blockchain Consortium

The Bank of Russia partnered with ten biggest national banks to create ‘Fintech’, a consortium to implement financial innovations and trial blockchain technology.

Russian Banks Test Blockchain-Based Service for Customer Data Exchange

Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.

RIS Ventures: We Link Big Corporations to Small Blockchain Startups

The first accelerator to seek startups focusing on banking and financial technologies was recently launched in Russia with selection criteria for the candidate projects including application of blockchain in depositing and settlements.

National Bank of Ukraine to Support Blockchain Technology Development

National Bank of Ukraine (NBU) is interested in further development of high-tech financial market in Ukraine as it will positively influence implementation of the Cashless Economy project.

Credit Suisse Predicts Consolidation Of Financial Markets Due To Blockchain Integration

Financial conglomerate Credit Suisse has published the report on possible impact of blockchain, once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.

Cryptospace News Digest, July 4 – 10

The eagerly anticipated halving, new investments in the industry and new plans unveiled by Litecoin, Mycelium and Waves platforms, new horizons for blockchain technology on state level and more important events in ForkLog weekly overview.

Cryptospace News Digest, June 27 – July 3

Bitcoin is heading upwards as possible ultimatum from Chinese miners remains unconfirmed and the affair of Ethereum and The DAO continues. Those and other news are featured in ForkLog’s weekly overview.

Russian Central Bank: Evolution of Fintech Companies Will Cause Bank Affiliations to Disappear

Development of financial technologies and fintech companies will optimize the Russian banking network, while the banks themselves will be engaged in creating infrastructure for fintech companies providing various services to their customers. This is the brief extract of the speech given at Fintech Lab 2016 on June 28 by Vadim Kalukhov, director for financial technology […]