Wednesday, April 21, 2021
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Russia’s Hermitage Museum to Host Digital Art Exhibition Involving NFTs

Russia’s Hermitage Museum has confirmed that its 2021 digital art exhibition will involve non-fungible tokens (NFTs). It further acknowledged that NFTs will become a new form of securing rights to artwork using blockchain technology.The NFT frenzy continues with the world’s second-largest museum getting in on the action. In a recent

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Russia’s money laundering watchdog monitoring crypto to ruble transactions

Russia’s Federal Financial Monitoring Service, or Rosfinmonitoring — the country’s Anti-Money Laundering body — is policing crypto to fiat transactions.The federal executive body responsible for AML oversight made this known while addressing the members of parliament on Tuesday, according to a report by Russian news agency Regnum.In a meeting with

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Russia’s regulatory sandbox and the implementation of blockchain tech

The main challenge companies face when testing and implementing innovative technologies is the need to amend existing legislation. Developing and testing new products based on distributed ledger technology requires special conditions that are often inconsistent with existing regulations.The solution to this problem would be the introduction of a special “regulatory

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Russia’s central bank digital currency: Prospects and problems

Active digitalization of large domestic financial institutions is a noticeable, definitely positive trend. Russia is one of the five world leaders in the speed of transition to cashless payments, and the number of contactless transfers and payments are increasing every year. Such active development requires changes in legislation, and inevitably,

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Putin Orders Russia’s Public Officials to Report Crypto Holdings

Russian President Vladimir Putin has signed an order obliging public officials to report any cryptocurrency holdings.According to the document, signed on Thursday, both current civil servants and people about to assume a government position must disclose which digital assets they own, as well as in what quantity and where they

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Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’

The Russian cryptocurrency and blockchain association known as RAKIB warned the country’s central bank against making its future central bank digital currency too centralized. RAKIB sent a letter to Bank of Russia Chairwoman Elvira Nabiullina saying the potential design for the “digital ruble” favored by the regulator will return

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Russia’s Alfa-Bank offers blockchain platform for freelancers

Alfa-Bank, one of the largest private commercial banks in Russia, is exploring blockchain technology in its services for freelancers. According to a Dec. 1 announcement, Alfa-Bank will use blockchain-based applications to automate services for freelancers and self-employed workers. Based on Waves Enterprise’s blockchain platform, Alfa-Bank’s new service covers the entire

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