IBM, Maersk’s Blockchain Platform TradeLens Is Shipping to Russia

IBM, Maersk’s Blockchain Platform TradeLens Is Shipping to Russia

A blockchain-powered platform built by IBM and Maersk and designed to facilitate international trade is to launch in Russia. According to a June 6 news release from Maersk, the Danish shipping and logistics giant, agreement has been reached with Russian authorities for the TradeLens platform to operate in the country, starting with a pilot project alongside the country’s primary container gateway, the port of St.
Siberian Region Partners With Universa to Create Blockchain Tourism Destination

Siberian Region Partners With Universa to Create Blockchain Tourism Destination

Universa Platform, a Russian blockchain platform intended for corporate management and state administration, has partnered with a Russian federal subject, Khanty-Mansi Autonomous Okrug, to help the bucolic region join the digital economy through blockchain enabled technology, according to a company statement.
Russian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

Russian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

A new ethereum-based trade finance platform has been launched in Russia with the third largest retail player in the country as a key participant. Following a six-month pilot phase, Russian blockchain startup Factorin announced Tuesday that it’s launching its system into production with Dixy – a supermarket chain with 2 percent of the Russian market and almost $5 billion in revenue in 2018 – already on board. Developed on a private version of ethereum, the new system will allow Dixy’s suppliers to receive payments within one business day instead of the previous two weeks.
Russian Central Bank to Consider Gold-Backed Cryptocurrency

Russian Central Bank to Consider Gold-Backed Cryptocurrency

Russia’s central bank will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to a Tass report. Elvira Nabiullina, governor of the Bank of Russia, said Thursday that her institution is to review a proposal for the development of the cryptocurrency. Nabiullina said at the nation’s lower house, or Duma: “As for mutual settlements, we will consider, of course, [the] proposal on … a gold-backed cryptocurrency.
Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims. The culmination of a two-year investigation, the “Report On The Investigation Into Russian Interference In The 2016 Presidential Election” details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign colluded with Russia to hamper Hillary Clinton’s 2016 run for the presidency.
Russian Gas Giant Gazprom to Execute Business Contracts on a Blockchain

Russian Gas Giant Gazprom to Execute Business Contracts on a Blockchain

Russian state-owned gas giant Gazprom could soon to begin using blockchain to execute and monitor business contracts. The firm’s CEO, Alexey Miller, announced the news at a meeting with Russian prime minister Dmitry Medvedev Wednesday, saying Gazprom is now “ready to start implementing the process” of digitizing the gas supply process using distributed ledger technology in its operations.
Russian Firm Will Reward Staff With Crypto Tokens Tied to Profits

Russian Firm Will Reward Staff With Crypto Tokens Tied to Profits

Qiwi Blockchain Technologies (QBT), a subsidiary of the Russian e-payments firm Qiwi, plans to incentivize staff by rewarding them with a custom token. According to a report from Russian news agency Interfax on Monday, QBT – which was launched in March to develop in-house blockchain solutions and provide consultation services around token issuance – will issue a token that is tied to the company’s profit.

Russian Authorities Force VPN Providers to Engage in Internet Censorship

In Russia, internet censorship has become the norm rather than an exception.

ProtonMail is no Longer Accessible in Russia

Politics and technology hardly ever play nice together.

Russia Unlikely to Invest in Bitcoin in the Next 30 Years, Official Refutes Earlier Report

Recently, a report indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U.

Cryptocurrency-Friendly Regulations in Belarus Could Attract Foreign Capital and ICOs

At the end of 2017, Belarus President Alexander Lukashenko signed a “Digital Economy Development Ordinance,” aimed at developing the country’s IT sector and attracting blockchain technology companies, capital and talent from all over the world.

This Russian Presidential Candidate Wants to Legalize Bitcoin

Boris Titov, a Russian businessman/ombudsman and bitcoin advocate, recently revealed he will participate in the presidential elections in 2018.

Russia’s Biggest Bank Pilots Money Transfer on an IBM Blockchain

Sberbank has piloted the Russian banking industry’s first ever payment transaction over a blockchain.

Bitcoin Will be Legal, Mining to See Regulation: Russia’s Deputy Finance Minister

Russia’s deputy finance minister Alexei Moiseev has reportedly stressed that buying bitcoin and other cryptocurrencies will be legal in the country.

Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Bank’s ‘Outrageous’ Prediction

“Bitcoin is thrown to the wolves,” the headline reads, punctuating the tail end of Saxo Bank’s prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to “its fundamental ‘production cost’ of $1,000.

Russia’s Central Bank Issues Cryptocurrency ‘Bubble’ Warning [Rinse, Repeat]

The Central Bank of Russia has warned investors of risks surrounding cryptocurrencies in a report released on Tuesday. According to state-owned news agency TASS, the latest ‘Financial Stability Report’ from Russia’s central bank has called on investors to be wary of a cryptocurrency market ‘bubble’ that could lead to losses. An excerpt from the report, according to TASS read: A ‘bubble’ on the cryptocurrencies market may result in substantial losses for consumers.

Bitcoin Will “Never” be Legalized in Russia, Claims Minister

Russia’s minister for communications and mass media has opined that the country will never allow cryptocurrencies like Bitcoin to be legalized. Speaking to reporters in Moscow on Monday, Russian minister Nikolai Nikiforov claimed the country’s laws would never consider bitcoin as a legal cryptocurrency after deeming it a “foreign project.” According to TASS, the country’s largest news agency wholly owned by the Russian state, Nikiforov stated: Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation.

ICOs Have “Huge Potential” for Investments: Russian Central Bank Official

A senior official from Russia’s central bank has pledged support for initial coin offerings, or ICOs, after underlining its “tremendous potential” for financing entrepreneurs and startups. Sergey Shvetsov, the first deputy governor of the Bank of Russia, has said the central bank will “support the development” of ICO fundraising in Russia. According to Russian state news agency TASS, Shvetsov highlighted the “huge investment potential” brought on by ICOs, wherein startups or companies raise finances in cryptocurrencies in exchange for their own cryptographic tokens.

Blockchain Will “Seriously Change” Tourism, Says Russian Official

The chief of Russia’s federal tourism agency is “absolutely convinced” that blockchain will transform the tourism industry. Oleg Safonov, head of Russia’s Federal Agency for Tourism, sees the tourism industry on the verge of major disruptive changes in brought on by new technologies. The official specifically picked blockchain technology as the core driver of this change. The Russian tourism chief was speaking at the Kazan Tourism Forum where he revealed the bullish prediction wasn’t a personal take but an opinion shared by the agency overall.
Russian Bank VEB Turns to Blockchain for E-Procurement Project

Russian Bank VEB Turns to Blockchain for E-Procurement Project

Russian government-owned development bank, Vnesheconombank (VEB), and e-procurement resource platform Roseltorg are teaming up on a new blockchain project. Using blockchain technology, the project aims to build a platform for transparent electronic transactions between the government departments and businesses. The project would also facilitate new methods for storing and verifying information as part of the move towards a digital economy, a press release states.

Drunk the Crypto Kool-Aid? Get Ready for Bitcoin Vodka

A Russian entrepreneur has filed three patent applications that would grant him the right to distribute “vodka that trades on the Bitcoin, Ethereum, and Ethereum Classic brand names. As reported in local Russian news outlet Life.
D3 Unveiled: Russian Platform Would Turn Legacy CSDs into Crypto Custodians

D3 Unveiled: Russian Platform Would Turn Legacy CSDs into Crypto Custodians

Executives of Russia's National Settlement Depository (NSD) have revealed new details about a plan to build a blockchain-based depository platform for safeguarding crypto assets. The platform, separate from the NSD itself, is designed to turn traditional financial market infrastructures into compliant custodians of digital currencies and tokens. Related exclusively to CoinDesk, the newly dubbed Decentralized Digital Depository (D3) is being designed to provide institutional investors with a compliant way to own such assets.
Making Boring Sexy: NSD Sees Booming Interest for Blockchain Bonds

Making Boring Sexy: NSD Sees Booming Interest for Blockchain Bonds

Russia's largest clearing and settlement company has issued its first-ever live bond using blockchain, and already, issuers and brokers are wanting in on the action. Initiated three weeks ago, the National Securities Depository (NSD) reproduced the financial instrument, a $10 million bond for shares in Russian telecom giant MegaFon, using smart contracts and the open-source Hyperledger Fabric blockchain.
Vladimir Putin Mandates New Rules for Cryptocurrencies and ICOs

Vladimir Putin Mandates New Rules for Cryptocurrencies and ICOs

Russian President Vladimir Putin has mandated new regulations around cryptocurrencies, including registration requirements for miners and the application of securities laws to initial coin offerings (ICOs). The Kremlin published five orders from Putin over the weekend, representing perhaps the most direct move to date by the Russian government to oversee activities around the tech. Not only do the orders from Putin mandate new legal structures around cryptocurrency within Russia, they ambitiously establish a plan to use the technology to create a "single payment space" within the Eurasian Economic Union, which features Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia as members.

Bitcoin is ‘Worse than Casinos’, Says Russia’s Economic Development Minister

As Russia prepares regulation for cryptocurrencies, one Russian official has said investments in bitcoin is worse than playing casinos. Last week, an elite meeting of Russian financial officials and regulators convened with Russian president Vladimir Putin to discuss cryptocurrencies as financial instruments in the country. Putin acknowledged “cryptocurrencies are becoming or have already become a full-fledged means of payment, as well as a means of instrument” in several countries around the world.