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​​🔴✔️ Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press release shared with Cointelegraph today.

The Moscow-based exchange, dubbed Huobi Russia, is established in partnership with the state-owned Russian Development Bank’s (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud.

The Center of Digital Transformation was created by VEB to promote blockchain and other crypto-related technologies, as its website states.

Back in September of this year, Huobi first joined Russia’s VEB Innovation Fund and became a resident of the Digital Transformation Center to share experience on crypto regulation, with the fund’s CEO claiming that Huobi’s expertise will assist in building a “legal basis that could compete with current promising jurisdictions.”

Speaking at a private event on Thursday, Huobi senior business director David Chen claimed that the launch of Huobi Russia will help to promote the company’s “leading technology and trading expertise to Russian users,” including such skills as “unmatched safety, stability, and user experience.”

Huobi Russia CEO Andrei Grachev also noted the increasing volumes of crypto trading in Russia, claiming that the volumes have “recently exceeded US $20 million in a single day,” regardless of the current bear market.

Russia’s VEB Innovation Fund, created in 2011, is reportedly the “first” Russian specialized center for support and development of disruptive technologies in the fields of management and the functioning of enterprises and government corporations, according to the center’s website.

The innovation center is exploring and implementing various blockchain projects, and houses more than 20 branches of major blockchain and tech companies such as the Ethereum Foundation, Bitcoin (BTC) tech company Bitfury, PricewaterhouseCoopers (PwC), and others.

Vladimir Demin, chairman of VEB’s Innovation Fund, claimed that Russia is “actively promoting the blockchain market,” with VEB willing to play an “important role as a leader in blockchain research and legislation,” as reported in the press release.

Founded in 1922, VEB bank, or "the state corporation Bank for Development and Foreign Economic Affairs,” is the first international bank of the Soviet Union, originally named Roskombank. The bank is responsible for developing the Russian economy, as well as managing Russia’s state debts and pension funds. Why choose Huobi Russia?

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🔹 Trading pair(s) for ANKR (Ankr Network) added to Bittrex
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ELYCHAIN ​​will take the professional production of medical cannabis in Europe to the next level and create unified, much-needed standards for the cannabis industry. The Elysium C.S.C. will take on a pioneering role.
Once the development of the ELYC Mainnet is complete, it can be used by the cannabis industry and its partners.

Cannabis has been one of the most prominent medicinal plants of humanity for 5000 years. Since it is a natural product, the amount of active ingredients varies. The same seed may contain various compositions of active ingredients. Thus, to reach standardization of medical cannabis, a constant production process plays a crucial role.

With ELYCHAIN, we create smart contracts for the cannabis industry, so we are able to work in compliance with the law. Manufacturers and sellers have the opportunity to standardize and document their production and distribution based on blockchain technology.

In addition, the C.S.C. Elysium and other partners accept payments in ELYC tokens, with the ability to toggle tokens locally and load them onto a membership card stored on the blockchain. ✔️HOMEPAGE (aktuell): https://www.elychain.com/

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