Russia Wants to Research Blockchain Security Risks

Russia Wants to Research Blockchain Security Risks

The Security Council of Russia desires to see more studies performed into the security dangers of blockchain. The organization, produced from ministerial workplaces and agency heads associated with countrywide safety, is chaired by Russian President Vladimir Putin.

The announcement shows that the Russian authorities try to solve some of big problems related to data protection as segments of the Russia’s economic sector move in the direction of adopting the blockchain technology.


The council’s Interdepartmental commission met to speak about the matter, even though the exact timing of the meeting is not without delay clear. The statement signifies the modern blockchain-associated improvement in the highest echelon of Russia’s authorities.

Dmitry Medvedev, who serves as prime minister, has spoken undoubtedly about the blockchain technology and in March ordered numerous offices to start studying public sector programs. Vladimir Putin lately met ethereum creator, Vitalik Buterin, during a latest event.

Vladimir Putin

Statements from Russia’s Communications Ministry propose that Russia could implement blockchain-related regulations within the next several years, even though the Russia has yet to conclude a long-running attempt to modify bitcoin and different cryptocurrencies.

Latest information reviews suggest that the cryptocurrency regulation-making process can be moving in advance. Vadim Dengin of the State Duma in Russia, the lower house of the countrywide parliament, stated he believes hearings should start soon on payments associated with cryptocurrency despite a few inner resistance.

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