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Message: Russia Adopts Blockchain In Response To US Sanctions

Aug 16, 2017

Russia is diversifying into blockchain technology and building up its crypto infrastructure to absorb anticipated capital flows from turbulent Western markets.

The central depository fo Moscow Exchange, National Settlement Depository (NSD) is developing a ‘blockchain’ platform to provide accounting services for digital assets and cryptocurrencies.

They will be integrated into the banking system to stand beside stocks, bonds and other derivative assets.

Russia plans to do this by the end of 2018 without creating dislocations within the ruble market.

 

It is in direct response to new US sanctions.

http://russia-insider.com/en/politics/russia-turns-cryptocurrencies-counter-us-sanctions/ri20693

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