Russian Leader Boris Titov Proposes Bitcoin Friendly Region in Crimea

Boris Titov, a Russian businessman/ombudsman, and bitcoin advocate, has proposed the creation of a region in the Crimea similar to the “kriptodoliny” (Cryptovalley) in Zug, Switzerland for funding cryptocurrency and blockchain organizations, according to Rambler News Service. Titov said this during the All-Russian scientific-practical forum “Blokcheyn: dialogue between business and the authorities.”

“Maybe we can make a Crypto Valley Crimea,” Titov said.

Switzerland’s “Crypto-Valley” based in Zug is home to a number of bitcoin and blockchain startups supported by the Crypto Valley Association. The association supports industry startups through policy recommendations, organizing conferences and hackathons, enabling researching programs and more.

A Region Embroiled

Titov has proposed such a project in the Crimea, a region that has been the center of a conflict between Russia and the Ukraine that has drawn sanctions by numerous countries, including the United States.

In March 2014, Russian special forces backed by pro-Russian separatists invaded major Ukrainian government buildings, military bases and telecommunication facilities of the peninsula and forced local authorities to hold a referendum on “reunification with Russia,” according to

Read more ... source: CryptoCoinsNews

News from Darknet

Let's block ads! (Why?)

Powered by Bitcoin Central