Russia May Begin Using ETHEREUM! Putin Goes ALL IN on BLOCKCHAIN!
This is HUGE. Russia is going in on all fronts right now with blockchain!
Check out this short article where I quote various sources showing how the Russian government is getting into digital currencies. They want to establish their own cryptocurrency. They want to establish a framework with the EU.
It’s EXTREMELY BULLISH for ALL cryptocurrency investors.
Check this out:
Vladimir Putin and Vitalik Buterin Discuss Ethereum 'Opportunities'
Directly From the Kremlin
Mr Buterin described the opportunities for using the technologies he developed in Russia. The President supported the idea of establishing ties with possible Russian partners.
The conversation was held following the President’s meeting with heads of major foreign companies and business associations.
http://en.kremlin.ru/events/president/news/54677
Blockchain Expansion
Russia’s central bank is writing a new law focused on bitcoin and other digital currencies, and also, the Bank of Russia is interested in developing a national cryptocurrency.
In May, CoinDesk reported that the Moscow Exchange Group was in the final stages of tests on a blockchain-based stockholder voting platform using the Hyperledger Fabric…
CoinDesk reported today that the Moscow Exchange Group was among early participants in a possible Central Securities Depository consortium aimed at leveraging blockchain efficiencies at the highest levels of the financial sector.
… Russian Prime Minister (and close Putin ally) Dmitry Medvedev pushing for research into the tech earlier this year.
Russia to Develop Cryptocurrency
Russia's central bank believes the time is right to develop and launch its own digital currency, one of its senior officials said today.
According to state-owned news service TASS, Skorobogatova touched on two key topics: its work with digital currencies, as well as the kinds of partners the Bank of Russia wants to work with on blockchain initiatives.
http://www.coindesk.com/bank-russia-time-develop-national-cryptocurrencies/
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Going mainstream
This is happening very fast too.
When one government has accepted, the others will seriously think about it too, Japan has also. Good future for cryptos
Agreed.
Very Interesting!
It will be interesting if this levels the playing field between the West and the rest.
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http://www.coindesk.com/vladimir-putin-vitalik-buterin-discuss-ethereum-opportunities-recent-forum/
I saw this a few days ago. What does this mean for Russia? Does it help the ruble and hurt the dollar?
I think that it's positive for Russia. Every country will go in this direction to some degree. They will implement some type of cryptocurrency to exchange between nations. I think it will be insignificant compared to what the free market is doing with it all right now. Governments are always concerned with using things to gain power.
Thank you for taking time to respond and to explain further.