Bitfinex Exchange Won’t Support The Venezuelan Petro

Investing, News, Regulation | March 27, 2018 By:

The Bitfinex exchange has issued a statement saying it will not support Venezuela’s Petro coin, which is purportedly backed by that country’s oil reserves.

Bitfinex cited recent sanctions imposed by the US and others to isolate the socialist country, saying the Petro “could be construed as an attempt to circumvent legitimate sanctions against the (government).” 


Russian Official Denies Involvement In Venezuelan Petro Cryptocurrency

News | March 26, 2018 By:

Artyom Kozhin, deputy director of the information and press department of the Russian Foreign Ministry, said that his country was not involved in creating Venezuela’s controversial Petro cryptocurrency, calling any speculation on this issue “lies.”

Last week, Time reported that the Petro is a “half-hidden joint venture” between Venezuelan and Russian officials and businessmen.


Blockchain Firm BitFury Group Expands Reach in Russia With New Office

Blockchain, Investing, News, Regulation | March 5, 2018 By:

Blockchain infrastructure provider BitFury Group has opened an office in Russia in order to bring its products to the country’s government agencies and companies.

The Russian new office will focus on sales of the company’s two main products – Exonum, a platform for creating private blocking solutions for corporations and government agencies,


Blockchain For Social Payments Explored By Russia’s Kaliningrad District

Announcements, Blockchain | February 20, 2018 By:

Russian state-owned development bank Vnesheconombank (VEB) has teamed with the Kaliningrad district in Russia to test blockchain technology for social payments and electronic services.

Kaliningrad governor Anton Alkikhanov and VEB chairman Sergei Gorkov met last week at the Russian Investment Forum in Sochi to sign the agreement underpinning the trials.


Unified Crypto Regulation Proposed By Russian PM Dmitry Medvedev

News, Regulation | February 5, 2018 By:

Russian Prime Minister Dmitry Medvedev said that cryptocurrency regulation should be common across the Eurasian Economic Union (EAEU). The EAEU’s members are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Speaking at the Digital Agenda in the Era of Globalization forum in Kazakhstan, Medvedev urged that “We should not be focused only on national policy … Let us pay serious attention to it as our economies are far too closely linked.