Russia Wants Regulators to Research Blockchain Security Risks

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The Security Council of Russia desires to see extra analysis performed into the safety dangers of blockchain, in accordance to a authorities assertion revealed at the moment.

The group, comprised of ministerial workplaces and company heads associated to nationwide safety, is chaired by Russian President Vladimir Putin. The statement, per a tough translation, signifies that the Russian authorities desires to resolve “a number of significant…issues associated with information security” as segments of the nation’s monetary sector move towards adopting the tech.

The council’s Interdepartmental Commission met to talk about the matter, although the precise timing of the assembly is not instantly clear.

The announcement signifies the newest blockchain-related improvement inside the highest echelon of Russia’s authorities. Dmitry Medvedev, who serves as prime minister, has spoken positively concerning the tech and in March ordered a number of workplaces to begin researching public sector functions. Putin himself recently met ethereum creator Vitalik Buterin throughout a latest occasion.

Statements from Russia’s Communications Ministry suggest that Russia may implement blockchain-related guidelines within the subsequent two years, although the nation has but to conclude a long-running effort to regulate bitcoin and different digital currencies.

Recent information reviews point out, nevertheless, that the digital currency rule-making course of could also be shifting forward.

Talking to Russia’s worldwide information company RIA Novosti, Vadim Dengin of the State Duma, the decrease home of the nationwide parliament, stated he believes hearings may start quickly on payments associated to digital currency despite some inside resistance.

Image Credit: Evgenii Sribnyi / Shutterstock.com

The chief in blockchain information, CoinDesk is an unbiased media outlet that strives for the best journalistic requirements and abides by a strict set of editorial policies. Have breaking information or a narrative tip to ship to our journalists? Contact us at [email protected].

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