Publicly traded Russian payments service provider QIWI (NASDAQ: QIWI) has established Qiwi Blockchain Technologies LLC (QBT), a company focused on developing blockchain-related products.
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.
The National Bank of Ukraine has banned four payment systems, namely WebMoney, Yandex.Money, QIWI Wallet and Wallet One. The reason for the decision, which may positively influence cryptocurrency markets, is said to be the lack of the regulator’s approval for service rendition.
Russia’s blockchain consortium will initially incorporate five banks along with the project’s initiator, payments processor QIWI, and the Bank of Russia as a regulator.
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.
April 4, 2016 – A four-days long conference Money 20/20 Europe opened in Copenhagen, the capital of Denmark. The conference features such prominent speakers as Blythe Masters, CEO of Digital Asset Holdings, Flavien Charlon, CEO of CoinPrism, and Spencer Spinnal, Google’s VP for Emerging Payments.
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.
Earlier this September, Russias largest payment processor QIWI has announced its plans to launch its proprietary cryptocurrency dubbed bitruble.