Bank of Russia Sets Up Taskforce to Explore Bitcoin and FinTech

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The standing of Bitcoin in Russia seems to be changing on a day-to-day basis. One day, supervision officials wish to annul a digital banking and make regulating Bitcoin punishable by law. The subsequent day, a Bank of Russia announces they are looking to try a possibilities and bounds of Bitcoin technology. Trying to make clarity of all of this is apropos rather difficult, though it is good news to see a Bank of Russia gripping an open mind.

Also read: Was MMM Really behind Last Year’s Increased Bitcoin Demand among a Chinese?

Bank of Russia Wants Financial Innovation

Similarly to a trend that is function all over a world, a approach we control payments and use financial collection is changing, even in Russia. Despite perplexing to omit a problem for a longest time possible, a Bank of Russia has publicly announced they wish to be concerned in a expansion of FinTech.

Evaluating and examining intensity applications of new financial record will assistance move some-more stability to a Russian ecosystem. Albeit a nation is famous for really strict collateral control, a Bank of Russia wants to give adults a bit some-more control over their finances. No


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