According to Boris Titov, the chairman of Russia’s Partiya Rosta (‘the Party of Growth’) and Russia’s business ombudsman, the network community titled People of Growth is set to unite entrepreneurs, self-employed individuals, young people and minor officials to raise funds for their business projects and make cryptocurrency investment.
Eduard Surkov’s club farm Mashkino in Central Russia has announced its plans to issue cryptocurrency tokens backed by the farm’s products, i.e. chickens, ducks, geese, lambs, and goatlings.
Publicly traded Russian payments service provider QIWI (NASDAQ: QIWI) has established Qiwi Blockchain Technologies LLC (QBT), a company focused on developing blockchain-related products.
Bitcoin currently poses no risk to the Russian financial system, the country’s deputy finance minister Alexei Moiseev said.
The technological revolution including cryptocurrencies and blockchain technology is boggling the minds of the contemporaries, launching the most daring and fantastic scenarios of our civilization’s future. Talking with ForkLog, a well-known Russian visionary, composer, venture investor and founder of corporate group Familia Alexander Shulgin shared his vision of blockchain technology.
Elman Mekhtiyev, executive VP of the Russian Banking Association, believes that implementing blockchain in processes that are already working fine makes little sense. According to Mekhtiyev, it’s too early to say the technology would prevail until there is a particular case where blockchain is better than centralized solutions.
Elina Sidorenko, head of Russian State Duma (Parliament) working group on assessment of cryptocurrency risks, admits there’s not much to say about legalization of cryptocurrencies die to the legal vacuum.
On November 29th, a letter from Russia’s Federal Tax Service No. ОA-18-17/1027 d.d. 10.03.2016 was added to the local legal reference system Consultant Plus. The letter in question covers the official stance of the authorities on cryptocurrencies in Russia.