• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
kaliningrad
Nexo

Russia’s Kaliningrad May Trial ‘Legal’ Bitcoin, Launch Exchange

William Suberg by William Suberg
5 years ago
in News, Bitcoin, Bitcoin Regulation, Blockchain, News teaser
0
Advertisement

The Russian enclave of Kaliningrad could become the first area in the country to enshrine cryptocurrency legalization into law.


Kaliningrad Could Host First Crypto Exchange

Quoted by Interfax, the area’s business ombudsman Boris Titov said that regardless of what is decided about crypto at state level, Kaliningrad could become a testbed where Bitcoin and its ilk are legal and regulated.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

titov1

“Cryptocurrency circulation is not prohibited in the Russian Federation at present, although discussions about a ban are ongoing,” he commented.

Having them legally allowed to operate in Kaliningrad Oblast could serve as a compromise; it is a good environment due to its enclave geography.

Titov added that Kaliningrad could also host Russia’s first bonafide cryptocurrency exchange. “It’s very important that cryptocurrency circulation not be regulated by any form of sanctions. This concept may sound utopian, but new times call for new solutions, and Kaliningrad Oblast can build on that.”

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

kaliningrad

Russia recently appeared to reverse its harsh stance on crypto, the central bank now taking the line that an outright ban is both unfeasible and potentially detrimental to the economy. However, lawmakers have reiterated that the priority is to ensure the ruble is not “harmed” by disruptive innovation.

Central Bank senior vice-president Olga Skorobogatova recently said that a national digital currency, controlled from the top, would “allow the opportunity… to use financial instruments such as virtual currencies, but in a legal, coherent manner worked out in advance.”

Blockchain Voting Comes To Moscow

Meanwhile closer to HQ, leaders of the Moscow local government have indicated they wish to use Blockchain technology for voting activities this year.

A test program for recording votes cast by residents on various local state matters is due to get underway, and if successful, will be expanded to ballots cast under the area’s “Active Citizen” scheme.

Bitcoinist_Duma Russia

As Russian crypto news portal Coinspot reports, the central issue lies in the Blockchain’s capacity to record data quickly enough.

“Right now the Blockchain can process 10 transactions per second. When votes are cast, however, we sometimes handle tens or hundreds of thousands in a short space of time, and therefore we are currently not convinced that the Blockchain can handle the pressure,” IT department director Andrey Belozerov said.

He added that should the test produce adequate evidence to the contrary, Blockchain would be used in a pilot scheme with real voters.

2017 appears to be a breakthrough year for Blockchain voting more generally. Last week, the Rock and Roll Hall of Fame announced votes for this year’s inductees were cast via smartphones and recorded on the Blockchain.

What do you think about Kaliningrad’s crypto plans? Let us know in the comments below!


Images courtesy of Shuttesrtock, Russiancouncil.ru, Euractiv.com

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
William Suberg

William Suberg

Related Posts

short bitcoin

Inverse Bitcoin ETF Sees 300% Increase In Short Interest

8 hours ago
Bitcoin

Bitcoin Bear Market Sends On-Chain Metrics Into Sideways Trend

12 hours ago
bitcoin addresses

Decline In Bitcoin Active Addresses Suggests Market Is Purging Paperhands

14 hours ago
Crypto

Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse

17 hours ago
South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

23 hours ago
Jordan Belfort

Jordan Belfort, The ‘Wolf Of Wall Street,’ Advises: Buy Bitcoin Today And Make Money

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.