Materials by tag Russia

Russia-based financial institution SBI Bank LLC, belonging to banking giant SBI Holdings with its headquarters in Japan, has stated its intention to join the banking consortium R3. The New York City-based consortium of more than 70 of the world’s biggest banks specializes in blockchain technology.

Russia ICO Show — the largest Russian convention for investors and ICO projects, organized by IDACB (International Decentralized Association of Cryptocurrency and Blockchain). Russia ICO Show is the local Russian stage before the World ICO Show.

More than 100 countries at the level of top officials and curators of blockchain technologies from states, more than 3,000 participants, more than 300 speakers, 2 days.

In the world where blockchain-technologies and cryptocurrency took place we can notice new IT-companies almost everyday. Each of them is trying to find the solution to different problems in the industry, but not all are successful. Still there is an example of success. We are talking about the Russian company called Paymon.

In 2018, Gazprombank, the third largest bank in Russia by assets, is likely to perform its first pilot transactions using crypto coins as a means of payment. The incentive will be brought to life with the help of its subsidiary in Switzerland, said the deputy CEO, Alexander Sobol.

That Ministry of Communications and Mass Media of the Russian Federation has put the idea of establishing a cryptocurrency exchange in the country out for consideration. The draft law will enable the government to declare and tax income of those who performed a cryptocurrency exchange.