Russia Contemplates State-Owned Crypto Platformbr>
Russia continues to wrestle with the decentralized nature of cryptocurrency. Its latest idea is to create a state-owned platform to treat digital assets like regular securities.
The plan would create a platform that would certify token distribution and settlements of trades in them, store private keys, and ID wallet holders. Blockchain firm Waves would be among those developing the platform.
Bitcoin and other cryptocurrencies are not recognized as legal currency in Russia. However, various state officials have indicated that will change next year, and there has been some discussion about creating a Russian national digital currency.