Russia wants to make a Transaction Island Using Cryptocurrency

semes

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Quote from: xsantana on June 12, 2019, 02:11:08 AM

General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.
General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.

"We want to make a big financial center there. Most likely we will use the currency and forest product stock exchanges, all of which are crypto based," Petukhov said, asked by the Russian News Agency.

I couldn't understand why did you write same words twice here really! Can you explain to all of us

Could this be a good copy-paste example?
I couldn't understand why did you write same words twice here really! Can you explain to all of us

Could this be a good copy-paste example?

All countries have efforts to somehow keep pace with the blockchain and crypto order. We already see that. But I don't see any sources in your news. Could you at least share the source of this news with us?

cryptofirm

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Quote from: xsantana on June 12, 2019, 02:11:08 AM

General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.
General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.

"We want to make a big financial center there. Most likely we will use the currency and forest product stock exchanges, all of which are crypto based," Petukhov said, asked by the Russian News Agency.

i don't understand with your words above,,
maybe you should add some link in your thread above my friend
so, everyone can read the full article, not only a words written by you here
thanks

viljy

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One said one thing, the other said another... Every day these different officials say contradictory things. Recently, one of them said that the miners will be sent to prison. There is absolute chaos.

FanEagle

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This will be something very small and wouldn't make a global affect on the world, they can try and that is always great for crypto since the more attention it gets the higher the price will be but just because Russia will test this out doesn't mean it will become something huge in the end.

We have Malta and panama which support crypto gambling heavily yet its not a global thing yet, why would having a Russian island for the exchange be any different than them?

Ucy

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No reference? How do you expect people to believe this.

Well a blockchain/crypto island may not work very well if it's not global or if restricted within one or few countries. There is no point building a blockchain island with this restrictions. Fiat could aswell be used for this even with better results.

tabas

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Quote from: xsantana on June 12, 2019, 02:11:08 AM

General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.

"We want to make a big financial center there. Most likely we will use the currency and forest product stock exchanges, all of which are crypto based," Petukhov said, asked by the Russian News Agency.

I'm still doubtful that this will happen within this year or the next few years. What I know with RUssia they are very strict when it comes to crypto although there are transactions being held on that country. The idea is good and it's very encouraging for the Russians to get involved with crypto's if they are developing a business center like this.

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A crypto heaven island in Russia seems interesting. But for the confidence of the investors, visitors and residents, it should have complete autonomy from Russia and Russian legal system. At least similar to what Cayman island is to England. An experimental crypto paradise is alluring but many of the powerful people in this world won't let it happen.

mersal

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Quote from: xsantana on June 12, 2019, 02:11:08 AM

General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.
General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.

"We want to make a big financial center there. Most likely we will use the currency and forest product stock exchanges, all of which are crypto based," Petukhov said, asked by the Russian News Agency.

Don't get what they are trying to say from their statement,they think crypto currency as an exchange of products?

Or they are going to buy products with crypto currencies,if yes what cryptos will be used?

qazgroup

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It is good that more and more countries want to encourage crypto businesses in their countries now but i remember last year the president of Russia was not saying good things about crypto i hope his mind and thoughts would also be changed by now about crypto and blockchain.

xsantana

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So far, discussing Russia in the development of industries and crypto currencies is still fairly vague, although there are no restrictions regarding mining activities in the country.

Only lessons about governance in the Red Bear Country provide fresh air for citizens who want to develop Blockchain technology in their respective sectors of work.

Mux@

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Leonid Petukhov can say anything, but this is an empty phrase until there is a law in Russia that regulates the circulation of cryptocurrencies. Its adoption is constantly delayed and is not a priority issue for legislators.

X-ray

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Quote from: xsantana on June 12, 2019, 02:11:08 AM

General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.
General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.

"We want to make a big financial center there. Most likely we will use the currency and forest product stock exchanges, all of which are crypto based," Petukhov said, asked by the Russian News Agency.

That means more adoption will come consider he stated to create an island that used fully crypto as its payment system and i guess if that can be considered as an experiment to see is it worth to use crypto as our daily payment system.
Im feeling curious about the result of that project. But it's much better when you can also mention the source of that news too.

xsantana

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General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.
General Director of Russia's Eastern Investment and Export Promotion Agency, Leonid Petukhov, asked for the discourse to form a special business center on Ussuriysky's Bolshoy Island.

"We want to make a big financial center there. Most likely we will use the currency and forest product stock exchanges, all of which are crypto based," Petukhov said, asked by the Russian News Agency.

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