Posts Tagged ‘Russia’

Finalists announced for FINOPOLIS 2018 FinTech startup contest

The finalists have been announced for the FinTech startup contest, which will be held during the Forum of Innovative Financial Technologies FINOPOLIS 2018 in Sochi. Applications to take part in the contest were submitted by over 100 teams from more than 10 regions of Russia. The jury of experts selected ten teams to present their […]

Russia’s Central Bank Completes Test ICO

The Central Bank of Russia has successfully held experimental ICO within the framework of its testing platform also known as a sandbox. According to Ivan Semagin, the deputy director of the Development Department for the Financial Markets, the experiment was a success from a technical point of view, though a lot of legal questions remained open. The Russian […]

Deadline for fintech startup contest at FINOPOLIS 2018 extended to 22 august

The organizers of the Fintech Startup Contest at FINOPOLIS 2018 have extended the application deadline to 23:59 on 22 August. The decision was made in response to a flood of requests from potential participants for more time to prepare applications. Read more Related: Finopolis 2018 invites startups to apply for fintech competition

44 Percent of Russians Have Heard of Cryptocurrency, New Survey Reveals

Romir, a representative of the Gallup International Association in Russia, asked 1,500 Russian residents about their knowledge of cryptocurrency, as well as their plans to interact with the industry. Of those respondents, 44 percent had heard of crypto, 13 percent said they had a good understanding, and 56 percent did not know what the word […]

Cryptocurrency mining companies in Russia increase by 15% in 2018

The Russian Association of Cryptocurrencies and Blockchain released a report which showed that cryptocurrency activities in Russia have spiked in recent months. According to the report, the number of cryptocurrency mining operators in the country has grown by as much as 15% since the beginning of 2018. The report also showed that in the last […]

Finopolis 2018 invites startups to apply for fintech competition

The Forum of Innovative Financial Technologies FINOPOLIS 2018 will host the fourth FinTech startup competition. Ten winners will go through the final round in Sochi and compete for business development grants of three, two and one million rubles that will go to the winner, first and second runner-up respectively. Read more FINOPOLIS web-site: Related: Finopolis 2018 […]

Execs at Payments Giant Qiwi Launch Crypto Investment Bank

Executives at the blockchain arm of Qiwi, one of the largest e-payment providers in Russia, are launching a crypto investment bank, called HASH, to advise investors and help domestic companies tokenize their assets once appropriate regulations are in place. Branded as “the first crypto investment bank in Russia,” HASH will manage clients’ ICOs, help them build […]

UK-based fintech startup Revolut partners with QIWI to offer services in Russia

Russian payment services provider QIWI is partnering with UK-based fintech company Revolut and announced the launch of Revolut services in Russia. Under the partnership, QIWI granted Revolut access to its banking infrastructure via open APIs. Revolut services will run on the payment infrastructure of QIWI Bank and will be available to individuals in Russia. The […]

Russia’s Largest Bank to Pilot First Official ICO

Russian bank Sberbank CIB, the investment banking arm of major state-owned bank Sberbank, and the National Settlement Depository, which is part of the Moscow Stock Exchange Group, will pilot the country’s first official ICO using the Bank of Russia’s regulatory sandbox. The experimental ICO proceeds will reportedly be used to launch new tokenized online services by Level […]

Cryptocurrency is Property in Russia, Justice Minister Confirms

A bankruptcy case involving a modest amount of bitcoin has sparked discussions in Russian legal circles. Some say a crypto is nothing more than “a set of characters.” Others, including Russia’s Justice Minister Alexander Konovalov, are categorical – cryptocurrency falls under the legal category of “other property.”  The question about the status of cryptocurrencies in […]