The Department of Information Technologies of Moscow (DIT) recently revealed an auction to develop an Ethereum-based distributed ledger tech (DLT) system which can offer administrative electronic services to over 50.2 million residents living in the federal city of Russia, Open Media reports.
Rosfinmonitoring, the Russian government agency that is responsible for monitoring and stopping financial crimes across the whole country, wants to expand its internal systems in order to account for Cryptos.
Market season in Moscow is a very important event. It gathers thousands of farmers from Russia, Armenia, and other countries, who compete for 2,736 trading spots. Due to various farmers’ complaints about the application review system, Moscow’s authorities have decided to implement the Ethereum Blockchain.
Sergey Solonin, CEO of large payment service provider QIWI, has recently revealed in a lecture at Moscow Advanced Communication School that his CTO had mined 500,000 bitcoins back in 2011. The employee used QIWI terminals that were idle at night to make more than $5 mln in three months.
A Moscow court has set a precedent, obliging debtor Ilya Tsarkov to give the financial manager access to his cryptocurrency wallet in order to restore the bankruptcy estate, local news outlet Vedomosti reported. Thus, the court indirectly recognized the digital currency as property and recognized its value.
The hype around cryptocurrencies and mining is drawing people into that industry from all walks of life – business, trading, high tech and mass media. However, in order to truly understand the blockchain and mining which are, in essence, a pure form of maths, one has to be a professional mathematician.
Representatives of Burger King fast food restaurants, who have recently announced the launch of a new cryptocurrency “Whoppercoin”, have been called in to the prosecutor's office in Moscow to explain the nature of their digital currency and how it works.