Russian Bank Vnesheconombank Exploring Blockchain Transparency with Roseltorg

Announcements, Blockchain, News | October 31, 2017 By:

The Russian government-owned bank Vnesheconombank (VEB) is currently in collaboration with e-procurement platform Roseltorg to come up with a transparent way to handle electronic transactions between businesses and government customers.

The new initiative would also seek to store and verify transactions, and could be in place before the year ends or by early 2018.


Russia Sets Two Government Agencies To Educate Citizens on Cryptocurrency

Announcements, Blockchain, News | October 31, 2017 By:

Two consumer agencies designed to educate citizens on the intricacies of cryptocurrency are reportedly set to be created in Vladivostok, Russia. The move follows Russian President Vladimir Putin’s recent mandate on cryptocurrency regulations, which are set to be finalized in July of 2018.

The new government agencies will be the Crypto-Advisory and Crypto-Detective agencies,


Iran Preparing to Adopt Bitcoin

Announcements, News | October 31, 2017 By:

The government of Iran has been conducting studies into how to prepare an infrastructure to use bitcoin within the country, according to Deputy Minister of Information and Communication Technology Amir Hossein Davaee.

Currently, Iran has no specific regulation on digital currencies. However, a number of online exchange websites (licensed by the e-commerce sector’s regulatory body) buy and sell bitcoin.


European Commission to Invest €30 Billion in Technology Initiatives

Announcements, Blockchain, Investing | October 31, 2017 By:

The European Commission has committed 30 billion euros of funding on technology initiatives, including 2.7 billion euros to establish a European Innovation Council.

The investment would come through the European Union’s Horizon 2020 initiative, which to date has 77 billion euros at its disposal to support European scientific advancement.