👆👆👆In the startup competition during the Blockchain Leadership Summit, BitRussia outranked 230 rivals and broke through to take the place among 13 finalists. The competition was really fierce, but still, our project has managed to gain outstanding results. Cheers!

‼️ The US-based company Circle, the one that purchased Poloniex in February 2018, has released a really legit stablecoin in September and now provides the details of its audit. This is a very big step towards cryptocurrency legalization.

‼️ BitRussia aims to issue own stable coin, too, and resolve one of the biggest issues associated with cryptos - volatility.
https://www.cryptoglobe.com/latest/2018/11/circle-provides-of-proof-of-usd-reserves-backing-its-usdc-stablecoin/

💡The biggest problem with Bitcoin is its scalability as it can only process 7 transactions per second which prevents its mass adoption. The transaction confirmation takes too long and the fees are high when the network is overloaded.

💡Lightning Network is designed to solve this issue. Up until recently, it’s been implemented on a limited number of nodes, but now it finally gets popularized. BitRussia plans to use this technology as well.

👍🏻 Good news for all cryptocurrency addicts!
https://bitcoinist.com/bitcoin-lightning-network-2m-capacity/

So far, only a small number of countries have fully legalized ICOs.
Among them are Switzerland, Malta, Canada, UK and a few small island states. Now Russia plans to do likewise combining blockchain technologies with traditional financial tools.

Want to know how we are going to accomplish this? Visit our website and follow our channel to get the latest updates!

https://bit.ly/2TPlrVN

Bad rumors always have a bad impact on the crypto industry, especially during the bearish trend.
This one may be the reason why the market has been falling dramatically in the beginning of this week.
https://www.ccn.com/breaking-numerous-bitcoin-wallets-may-have-been-compromised-by-rogue-developer/

💳 The possibility to redeem your stable coins is a good measure to integrate blockchain technologies deeper into our daily lives as it significantly eases the lives of end-users. Such a feature is on our roadmap as well.
https://www.cryptoglobe.com/latest/2018/11/tether-now-allows-direct-redemption-of-usdt-for-usd-from-its-platform/

👍🏻 The Russian national cryptocurrency is getting closer to reality. There are plans to launch a state-backed stable coin similar to the one released in Venezuela in February 2018.

👍🏻 We are proud that BitRussia is one of the biggest contributors in this area.

https://cointelegraph.com/news/cryptoruble-how-stable-could-russian-national-stablecoin-be

After Bithumb left South Korea, the local authorities understood that some regulations are needed to make the funds stay within the country. The new bill aims to protect cryptocurrency traders from hacks. This is a good step towards BTC legalization.

https://news.bitcoin.com/korean-lawmaker-bill-promote-cryptocurrency/

Good news from our Eastern partners: Russia discovers new blockchain possibilities together with India. This country has very good potential in terms of new technologies, and this partnership promises to be very fruitful.

https://www.crypto-news.in/news/india-russia-increase-co-operation-blockchain-artificial-intelligence/

👍🏻 Despite the current market downtrend, one of the famous American venture capital investors Tim Draper is positive about the future of the cryptocurrency market and plans to raise a fund that is completely in Bitcoin.

https://usethebitcoin.com/tim-draper-says-trillions-of-dollars-will-move-towards-the-crypto-market/

👍🏻 Thumbs up for Plekhanov Russian University of Economics!

Since the blockchain technologies are on the rise now the demand for bitcoin oriented education is a good reason to implement such courses with the help of Bitfury.

https://kryptomoney.com/bitcoin-mining-pool-bitfury-to-launch-blockchain-accelerator-with-russian-university/

The law about cryptos was pushed to the first reading, but still, it's a very good sign. It means that the Russian state committee thinks of the ways to give an exact definition and legalize cryptocurrencies in the nearest future.

https://cointelegraph.com/news/russian-crypto-bill-draft-pushed-back-to-first-reading-for-significant-edits

👍🏻 Implementing official taxation for crypto payments is a good step towards btc legalization and mass implementation since 19% is way less than most of the value-added-taxes worldwide.

👍🏻 Thumbs up for our western neighbor!

https://insidetrade.co/19-tax-on-crypto-in-poland/

👍🏻 Nasdaq has finally confirmed its plans to list BTC futures for leveraged trading. The statement was made at the official level by Joseph Christinat, the vice president of communications of Nasdaq.

👍🏻 The launch is planned for the first half of 2019 and will serve as a great step towards cryptocurrency mass adoption.

https://dailyhodl.com/2018/12/04/bitcoin-futures-confirmed-by-nasdaq-official/

🇧🇾 Belarus, our closest neighbor, was one of the first countries to set up official legislation concerning cryptocurrencies. The regulatory framework includes tax exemptions, AML laws, data protection requirements and other legal questions.

This was the right decision as now this region has become one of the most attractive for investors all over the world.

https://coinjournal.net/belarus-high-tech-park-introduces-additional-crypto-blockchain-regulations/

The national stable coin is a great step in blockchain mass adoption for any country. It's a cool compromise between authorities that need to control money issuance and the advantages of cryptocurrencies, such as speed and low fees.

Several countries have already issued their own cryptocurrencies (el Petro in Venezuela, DigiCash is Tunisia). Now Russia takes the same course.

https://cointelegraph.com/news/state-duma-chairman-russian-stablecoin-would-be-equivalent-to-fiat-ruble-in-digital-space

📈 According to BDcenter report, 15% of the overall crypto exchange users are located in Russia. Since there are no special regulations, all these users have to stay in the grey zone. BitRussia aims to change this situation for the better offering the possibility to invest.
Follow our channel to learn more!

‼️ Russian authorities are to consider new laws: Investment Platform Operators Act and Digital Asset Act are the most wanted bills go for the 2nd reading in December.

👍🏻 "Digital Assets" and "Smart Contract" are the terms to be introduced to move forward legalization process. Currently, cryptocurrencies are not legal on our territory, so let's keep our fingers crossed!

👍🏻 WorkHero is a powerful tool based on smart contracts to help you find professionals to solve any task: developing, marketing, copywriting, video production, finance, law and much more.

🛡Transactions are secured by BitRussia ecosystem and the decentralized ledger technology!

‼️ Despite the current downtrend of the crypto market, huge state companies such as Sberbank still seek how to make use of the blockchain technologies to automate some parts of the deals following the European colleagues.

👍🏻 Sberbank has been testing the new technologies since January this year and now we can see the positive results.

https://www.coindesk.com/russias-sberbank-uses-smart-contract-to-settle-three-way-repo-deal