ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Wednesday Sep 19th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Russian Rhetoric Continues To Signal Strong Commitment To Blockchain Implementation

By

Jordan

Daniell

WriterETHNews.com

A growing number of influential individuals and institutions are aligning themselves to promote distributed ledger technology adoption and regulation in Russia by 2019. Will blockchain tech help reconnect Russia to the rest of the world or will regulation stifle potential?

The Russian Ministry of Communications and Mass Media in conjunction with the Ministry of Economic Development has responded to a mandate from Prime Minister Dmitry Medvedev. The mandate, given during a speech at the recent Russian Investment Forum in Sochi, called for a feasibility analysis of what Medvedev called a tool already being used “by major banks, corporations and even some governments.”

Alluding to a digital economy initiative taking shape in Russia, Medvedev said of blockchain:

“The technology is unique. It excludes the existence of intermediaries and the authenticity of operations is confirmed by the network users themselves … people believe it could help to get rid of the excessive bureaucratization of business turnover.”

As reported by the Moscow-based media outlet Tass, the two supervisory ministries have completed a preliminary analysis titled “Digital Economy of the Russian Federation,” in which they refer to “bringing into effect regulatory acts governing the possible use of technology for decentralized registers and legal certificates.”

This preliminary study is the latest news out of Russia, indicating a growing trend of high-level support for cryptocurrencies and blockchain technology. Teymur Shternlib, Senior Vice President of Sberbank and head of Sberbank Digital, also took part in what is being referred to as the State Programme to Develop Russia’s Digital Economy and recently commented:

“We are studying the entire world, searching for new and interesting business models and companies and investing in them ... Areas of particular interest include FinTech, eHealth, education, cloud technologies, smart cities … we work with Russian funds and accelerators as part of our efforts to find the best of the best.” 

A working group comprised of international experts, Russian stakeholders, and staff from the World Bank have been evaluating the ramifications and opportunities of blockchain technology in Russia since December 2016. The Russian Central Bank has also been keeping a close eye on cryptocurrency and blockchain developments.

Jordan Daniell

Jordan Daniell has a passion for techno-social developments and cultural evolution. In his spare time, he enjoys astronomy, playing the bagpipes, and exploring southern California on foot. Jordan holds value in Ether.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Russia, blockchain or other Ethereum world news.