Private Equity Moris Beracha Wuani

by Vijaya Bharti  Russian Finance Ministry Shows Hope for Crypto Trading in the Country Russian Finance Ministry considers the allowing of crypto trading, a representative of the ministry reveals. As per the report, Alexei Moiseyev, the Deputy Minister of Finance, tells the status of crypto trading in Russia. He said that the ministry has not yet reached the final decision. As a result, crypto trading might be possible in Russia. Previously, a bill surfaced in the ministry on circulation of digital currencies in the Russian Federation. The bill prohibited the utilization of crypto assets as a payment method. The bill surfaced in May this year. Similarly, Anatoly Aksakov is the Duma Financial Committee’s head. He calls the decision which is yet pending as a compromise. Additionally, he points out that the country Russia will adopt a bill in favour of cryptocurrencies. Precisely, FATF is the Financial Action Task Force recommending Russia to adopt the bill. The b...

By  William Suberg Amazon  would only consider discussing the creation of its own  cryptocurrency  like  Facebook’s Libra in several years’ time, a senior executive said at a  conference  on June 10. Speaking at Fortune’s Brainstorm Finance 2019 event, Patrick Gaulthier, vice president of Amazon Pay, said the kind of value transfer system Facebook unveiled this week was a step too far in the current climate. “It’s fresh, it’s speculative; at Amazon, we don’t really deal with the speculative, in the now,” he said. Facebook continues to cause a stir in cryptocurrency, financial and government circles in the wake of the first publicity material around Libra going live. Billed as a network designed to allow users to send money like messages or pictures on social media, the scheme has  attracted  scorn for its technical setup and roadmap, while some lawmakers have already gone as far as to request the company  halt d...

By Ledger Insights Yesterday the International Bank for Reconstruction and Development (World Bank) and the Commonwealth Bank of Australia (CBA) announced that they’ve enabled the secondary trades of the World Bank’s bond-i bond to be recorded on a blockchain. Nine months ago CBA arranged the Blockchain Offered New Debt Instrument (bond-i) issuance of A$110 million (US $76m). It’s part of the World Bank’s annual $50-$60 billion bond issuance. “Enabling secondary trading [to be] recorded on the blockchain is a tremendous step forward towards enabling capital markets to leverage distributed ledger technologies for faster, more efficient, and more secure transactions,” said World Bank VP and Treasurer Jingdong Hua. “It speaks to the innovation and commitment of all our partners, including investors, that we were able to achieve this together.” The bond-i platform is a permissioned network with nodes in Sydney and Washington. It features automated bond auct...

By Tanya Abrosimova While Russian lawmakers are dawdling on passing a law on financial digital assets, business is looking cryptocurrency and blockchain technology adoption.  Thus, a prominent Russian billionaire and the owner of Norilskiy Nickel Vladimir Potanin in a recenet interview announced the plans to launch blockchain-based platform and potentially issue a crypto token backed by palladium, Bloomberg reports.  Being the world’s top producer of palladium, Nornikel wants to inspire innovations in the industry and lead the new technology adoption and inspire. Currently, the company plans to issue tokens via its Switzerland-based palladium fund and holds the talks with the Swiss government.   “People more and more tend to use decentralized networks and platforms that don’t have a main operator,” he said. “We want to be active participants of this process,” as trading in digital tokens has many advantages, Potanin...

By Moris Beracha .-  2018 was a negative period for some of the world’s most important cryptocurrencies. The value of Bitcoin, Ethereum, LiteCoin, Ripple among many others, dropped over the previous year and a large number of investors lost millions of dollars. However, countries such as Russia still maintain their hopes in digital assets and despite the price crash, the interest in cryptocurrencies remains. According to financial consultant Olga Prokhorova, the new generations of entrepreneurs are looking to make some kind of investment with tokens, because they trust that this will be the future. In an interview with the news channel of Federal Press, the also representative of the “International Financial Center”, cited data from a study published by the University of Cambridge suggesting that the number of users with identity to perform some type of transaction in the cryptocurrency ecosystem has grown to more than 35 million worldwide. T...

courtesy of Shutterstock By Lubomir Tassev Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of leading Russian enterprises have prepared their own version of the law on digital financial assets which contains the legal term “cryptocurrency” and differentiates it from tokens. New Crypto Bill Filed in the Ukrainian Rada Alternative Crypto Bills Presented in Ukraine and RussiaA bill that leaves crypto-to-crypto trade outside of the scope of government regulation has been filed in the Ukrainian parliament. The draft has been signed by 23 members of the Verkhovna Rada and is prepared in cooperation with representatives of the industry. News about the filling was announced during a crypto...

By  Nikhilesh De The Republic of India may be taking a deeper look at how it can use blockchain technology. India's Union Cabinet – an executive decision-making body composed of senior government officials and led by Prime Minister Narendra Modi – said it would allow the nation's Export-Import Bank (Exim Bank) to conduct research on distributed ledger and blockchain technology in partnership with banks in the BRICS economic bloc, of which India is a member, alongside Brazil, Russia, China and South Africa. The approval is ex-post facto, meaning that Exim Bank has already signed a Memorandum of Understanding under the BRICS Interbank Cooperation Mechanism, the Business Standard reported. As such, the research has already begun, and is being conducted with the Banco Nacional de Desenvolvimento Economico e Social from Brazil, the China Development Bank, Vnesheconombank from Russia and the Development Bank of South Africa, according to a statem...