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IVHIMPROM – Russia’s Oldest Chemical Producer With Leading Market Capitalization Launches Pilot Project With Credits Blockchain Platform

On September 20, the Credits blockchain platform project and one of the oldest Russian enterprises in the chemical industry, JSC IVHIMPROM, entered into a partnership agreement and announced the launch of a pilot project on the automation of the management of supply and product sales. The process of tracking the

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Russia’s Largest Bank Confirms It Will Not Develop Crypto-Related Services

The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7.Herman Gref, Sberbank CEO and a former minister of economics and trade of Russia, claimed that the bank has never had any ambitious plans

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Russia’s Third Largest Food Retail Firm Uses Blockchain-Based Open Trade Finance Platform

Russia’s third-largest food retail firm, Dixy, has implemented blockchain technology in its corporate finance system, according to a press release shared with Cointelegraph on June 5.The Moscow-based retailer has deployed blockchain in cooperation between suppliers and factoring firms, which represent third parties that purchase businesses’ invoices at a discount

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Russia’s Central Bank to Consider Gold-Backed Cryptocurrencies for Mutual Settlements

Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23.Elvira Nabiullina, the head of the Bank of Russia, revealed that the bank may be interested in creating a gold-pegged crypto for conducting mutual settlements with global jurisdictions.However, Nabiullina claimed

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Russia’s Richest Man Set to Develop a Palladium-backed Cryptocurrency

Photo: Wikimedia CommonsWhile Russia has been struggling to introduce crypto regulations, the country’s richest man has come forward with a new proposal. Vladimir Potanin, the Russian billionaire has proposed to launch new crypto tokens pegged to the precious metal of palladium.The concept of stablecoins i.e. a crypto token backed

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While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin.The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with

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Russia’s Alfa Bank Launches Blockchain Platform for Utilities Payments

Russia’s Alfa Bank Launches Blockchain Platform for Utilities Payments February 7, 2019 by Vladimir Litvinov Alfa Bank, a leading Russian private lender, has launched a blockchain platform for utility bill payments. Can the system, or systems like it, gain traction in the mainstream? Also read: On the Zcash Counterfeit Flaw Fix: Questions to

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Head of Russia’s Second Largest Bank Compares Crypto Mining to Counterfeiting

Andrey Kostin — the head of VTB, Russia’s second-largest bank — has compared cryptocurrency mining with counterfeiting, major Russian news agency TASS reports Monday, Feb. 4.While speaking to students who participated in an educational contest organized by major Russian tech corporation Yandex, Kostin said:“I am not a big fan of

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Russia’s Ministry of Education Introduces System for Tracking Diamonds via Blockchain

Russia’s Ministry of Education and Science (Minobrnauki) has introduced a blockchain-enabled platform for tracking natural diamonds, government-backed news agency TASS reports today, Jan. 30.The new Russian diamond tracking technology claims to fully guarantee the authenticity of diamond products across all the supply chain, from extraction and polishing to the final

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