They started talking about the “Russian crypto valley” project in the Far East last year. And at the end of February, the proposal was accepted for official discussion by the Central Bank and the government of the Russian Federation. While awaiting an official decision, the region is actively taking steps to develop the crypto industry.
The choice of region for the construction of mining farms and the opening of crypto platforms is not accidental. The cold climate of the region and the abundance of energy resources in the Amur region are ideal for mining. The proximity of China makes it possible to arrange the supply of mining equipment and learn from experience. The proximity to Korea and Japan, where there is successful experience in working with digital and regulating it at the legislative level, is beneficial for crypto trading. In addition, being located in a single time zone makes it possible to quickly monitor the situation and negotiate. All these factors make the region attractive for the development of the crypto industry. And the opening of a financial cryptocurrency center in Vladivostok looks logical.
Such an initiative was implemented in the spring by the Far East Development Fund (FEDF) and the Chinese company Tai Cloud Technology Corporation. In April, a partnership agreement was signed that included blockchain projects in the region. Among them is the financial center in Vladivostok.
Since 2016, CryptoBankOne has been successfully operating in the region, with branches in ten cities of Russia, including Khabarovsk and Vladivostok. The bank provides services to legal entities and individuals in cryptocurrency and actively popularizes the use of digital means of payment.
Last week, the first Russian program for intensive training of personnel for the digital economy began its work in Vladivostok. Far Eastern Federal University (FEFU) accepted more than a thousand program participants.
On Monday, the conference "Opportunities of the Digital Economy in Russia - 2018" successfully started.
The Far Eastern forum was organized by the Russian Association of Cryptocurrency and Blockchain and CryptoBankOne
It was held in Khabarovsk and Vladivostok. During the conference, presentations by leading experts touched on the role of cryptocurrency in the global economy, legal regulation and the legal component of the digital economy, the security of the crypto industry, potential of cryptocurrency and ICO.
According to Alexey Ponomarenko, CEO of the First Cryptobank, in Russia about five percent of Russians are cryptocurrency holders (although some consider this figure to be underestimated).. And although many still call Bitcoin a pyramid scheme, the global crypto market attracted almost four billion dollars in investment last year.
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