Russia

Facebook's Cryptocurrency in Russia

No Facebook Cryptocurrency in Russia.?

Anatoly Aksakov, a chairman of the Russian State Duma committee says that Facebook’s Cryptocurrency will not be legalized in Russia. He believes the cryptocurrency might pose a threat to the country’s financial system. Apart from this, he also said Russia has no plans to legalize the active circulation of virtual currencies that are based on […]

Ban on Crypto Trading

Russian Parliament to Impose Ban on Crypto Trading

The State Duma, which is the Russian Parliamentary body may soon put a ban on crypto trading. Anatoly Aksakov, the chairman of the State Duma Committee mentions in an interview that mining, issuing, circulating or trading of crypto will be prohibited. There will be issuing of fine for anyone caught meddling with cryptocurrencies. He further […]

Blockchain Tourism Platform

Russia Will Initiate Blockchain Tourism Platform

Russian state Yugra will soon launch a blockchain tourism platform. It will track the public spending of government grants to ensure transparency. The general director of Yugra’s development fund has entered with a pact by joining hands with blockchain startup Universa. The latter will develop the blockchain system. The info about the system comes from […]

Dixy

Russia’s Supermarket Giant Dixy To Employ Blockchain For Trade Finance

Dixy, the Russian supermarket Giant is gearing up to implement blockchain for its trade finance in the country. The Russian Blockchain firm, Factorin is will develop the blockchain system for Dixy. This will allow its’ suppliers to receive payment in one day which previously took two weeks. The development of the new system took place […]

Dapp Fest 2019

New Blockchain Application for the Russian State.?

The testing of a Blockchain application for the Russian state of Nizhny Novgorod is currently in progress if we believe the reports of the local media. A blockchain application called City N will be used for public administration purposes. The citizens will use the application on the blockchain platform Vostok for filing tax, ID verification, […]

Russia to Hold Unified State Exam Using Blockchain Technology

Russia to Hold Unified State Exam Using Blockchain Technology

The Russian Federal Service for Supervision in the Sphere of Education and Science (Rosobrnadzor) has revealed its intent to implement blockchain technology in conducting the Unified State Exam 2019. The entity has stated that the technology will be used along with new technologies of printing and scanning of the exam to enhance transparency and quality of education.

Russia’s Ministry of Education Introduces Blockchain-based Diamond Tracking Platform

Russia’s Ministry of Education Introduces Blockchain-based Diamond Tracking Platform

Russia’s Ministry of Education and Science (Minobrnauki) has developed a blockchain-based platform designed to track the authenticity of natural diamonds. The platform has been built by Bitcarat.com, a Russian startup, which uses advanced IT technologies and blockchain to differentiate between natural, synthetic and fake diamonds. It creates unique digital codes for diamonds which is shared with all participants via a distributed ledger that alerts them whenever manipulated.

Bitcoin Company Huobi Expands Reach in Russia with VEB

Bitcoin Company Huobi Expands Reach in Russia with VEB Digital Transformation Center

Huobi Group, a digital asset financial service provider, has announced the opening of a new office in Russia. Huobi Russia will work in partnership with the VEB Digital Transformation Center in blockchain and exchange trading fields. The firm also intends to offer blockchain and business development services to users in Russia.

Russia’s Sberbank uses Smart Contract and Blockchain to Settle Deal

Russia’s Sberbank uses Smart Contract and Blockchain to Settle Deal

Sberbank, the state-owned bank of Russia, has completed a repurchase agreement (repo) using blockchain technology. The bank settled the three-way repo agreement using a smart contract with Region Brokerage Company and Russia’s National Settlement Depository. However, the bank has not yet disclosed the value of the instrument.