NEWS

Russian Ministry of Digital Development together with the main IT associations and associations of the IT industry (RUSSOFT, RAEC, APKIT, etc.) analyzed the international regulation of cryptocurrency and its impact on the development of the software and cloud technology industry.

The Ministry supports and shares the need to respond to the risks associated with the use of cryptocurrency to finance illegal activities and financial pyramids, as well as the risks associated with fraud in this area. However, the blockchain industry used for the production and circulation of cryptocurrency is one of the fastest growing in the software industry. Many successful international projects in cryptocurrency have Russian roots. And the power of blockchain technology itself is much wider - switching to smart contracts and many others.