Russian Policymaker Calls For National Crypto Bank To Bring Millions Out Of T...

The parliament member claimed that there are no anti-blockchain voices in the Russian government Anatoly Aksakov, the head of the Russian parliament’s Financial Markets committee, had some good news for blockchain fans in Russia. According to Aksakov, there are “no anti-blockchain voices” in the government and he believes that a digital ruble pilot will start in 2021.During a panel held on October 21 as part of the Blockchain Life 2021 conference, the policymaker said that the central bank had already started consultations on the feasibility of launching ‘cryptoruble’ pilots. He considers....

Olga Skorobogatov, deputy chairman of the Bank of Russia (Russia’s central bank) has, in a blockchain conference, spoken about the possible development and creation of a national digital currency in the Russian Federation. Speaking at the “Blockchain and Open Platforms” conference in Russia, Deputy Chairman of the Bank of Russia Olga Skorobogatov has suggested that a national digital currency is likely to be developed in the future. She cited the increasing relevance of distributed ledger or blockchain technology, an innovation that will come to being used in Russia’s financial markets as....

The Bank of Russia has begun studies of Bitcoin’s blockchain technology for potential future use. This has led to rumors that Russia has decided to begin work on a new national digital currency, the BitRuble, that will be managed and overseen by the state central banking system, according to late evening reports out of El Mundo in Spain. As Coin Telegraph reported earlier this week, Qiwi was planning on building a privately-run crypto-currency for the Russian market. This was met with a very negative response by the Russian Ombudsman, Pavel Medvedev. Yesterday, Deputy Chairman of the Bank....

It remains unclear what Ricchiuti plans to do about bitcoin in Italy. Bitcoin has been associated with many different industries over the past years. In most cases, these associations have been anything but positive. Italy’s policymaker is convinced bitcoin can be linked to casino operations controlled by the mafia. A very bold statement, to say the least. According to Lucrezia Ricchiuti, bitcoin provides mobsters with a legal way to enter the gambling industry. It is evident Italy may need to reform their gambling industry regulation over the coming years. Ricchiuti advocates for a....

The central bank of Russia has proven to be quite an interesting creature over the years. Despite not being in favor of new technologies or alternative payment methods, they have now decided to launch a new national payments card. Doing so would bring the competition directly to Visa and MasterCard, and so farm thirty-five Russian banks have agreed to participate in the project. It is not the first – nor will it be the last – time Russia is trying to come up with a revolutionary new payment system to take on the dominance by Western players. This more recent attempt started back in 2014....