29 Feb '16, 10am

#Russia’s Central Bank Officially Announces Blockchain ‘Work Group’: Despite the… https://t.co/kiZjKpj62k

#Russia’s Central Bank Officially Announces Blockchain ‘Work Group’: Despite the… https://t.co/kiZjKpj62k

Despite the perceived hostility towards Bitcoin in Russia, the country’s central bank has just announced that it has officially established a new “work group” to study the digital currency’s underlying blockchain technology and its potential application in financial markets. Also read: BNP Paribas: Last Bank to Utter ‘Bitcoin’ By Name Bank of Russia Forms Blockchain ‘Work Group’ In a press release issued by the Bank of Russia on February 28, the country’s central bank appears to have confirmed its favorable attitude towards Bitcoin, or at least its underlying blockchain technology. The announcement reads (translated from Russian): The central bank has created a Work Group to analyze prospective technologies and innovations on the financial market. The agenda includes studying distributed technologies (e.g. blockchain), as well as new developments in mobile payments, and ot...

Full article: https://news.bitcoin.com/russias-central-bank-officially-...

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