Last week, an annual forum featuring Russia’s top people from the economic sector was held in St. Petersburg, and cryptocurrencies were a hot topic there. Notably, government agents and state-controlled businesses were vocal about their interest in blockchain, but seemed to distance themselves from digital tokens.
Meanwhile, the regulatory framework for cryptocurrencies is still missing in the country, despite the fact that local authorities have been tasked to prepare the needed amendment a while ago. So, where is Russia heading in terms of crypto and blockchain?
Binance and Huobi reported an influx of traders, Vitalik Buterin talked about Ethereum 2.0The Bank of Russia said that cryptocurrencies are not part of traditional financial sectorRussian official suggested creating a special economic zone that would cater to cryptocurrenciesHead of Russia’s largest bank said that bitcoin is for transactions, not investment — plans to stick with blockchain insteadNornickel teamed up with IBM (NYSE:IBM) to curate blockchain academic programmesPrivate blockchain platform for enterprises and government launched its mainnetRussia’s leading oil company said a Facebook (NASDAQ:FB) coin could be used to purchase oil in the futureRussian government continues to look into blockchain, but remains cold on digital assetsContinue Reading on Coin Telegraph