Russian payments firm Qiwi is currently designing its own proprietary blockchain system in an effort to replace its central payments database.
A bill that would ban so-called money surrogates such as bitcoin in Russia has an uncertain future.
Russia’s sole central securities depository has announced it has tested a blockchain-based voting system.
Russian payments provider Qiwi has revealed it wants to launch a domestic blockchain consortium.
The Russian Finance Ministry has reportedly beefed up penalties for the issuance of so-called money surrogates including digital currencies.
Payments company Qiwi is pushing ahead on a cryptocurrency project despite an uncertain climate for the tech in Russia.
The Bank of Russia has set up a working group to investigate potential applications of blockchain technology within finance.
The deputy chair of Russia’s central bank has reportedly told banking representatives that they should prepare for the spread of blockchain tech.
An advisor to Russian president Vladimir Putin has reportedly spoken out against bitcoin.
A draft bill that would ban “money surrogates” was submitted to the Russian Parliament last month. But what might it mean for digital currencies?…