In a Press-Release¹ by the Russian National Settlement Depository (NSD), the largest exchange group in Russia and the central depository for the Moscow Exchange, the organization announced that it had begun development of a blockchain platform to support digital assets in partnership with the Waves Platform.
The Waves Platform, a smart-contract-enabled open blockchain platform – to the likes of Ethereum – can be used by developers to launch, distribute and trade their own "crypto token".²
Above: A brief demonstration of Waves Platform functionality.³
According to the NSD Press-Release, the platform will provide storage and hosting for "tokenised and crypto assets", and include architecture to settle transactions, and provide identification for owners of cryptocurrency wallets. In other words, the platform would enable the NSD to act as an intermediary for institutional clients such as banks and pension funds, as well as retail investors, between digital assets and fiat currencies.
The Chairman of the Executive Board of the NSD, Eddie Astanin, stated in the press-release:
As late as July, the NSD had previously stated it was researching proposals and considering options to interact formally with crypto tokens.
Despite the recent developments, CEO of Waves Platform, Sasha Ivanov, has expressed that efficient legal mechanisms for enabling digital assets to operate at a state level remains a major issue.
Ivanov's statement is a mark of the current legislative environment in Russia, as the government struggles to find consensus on a clear and consistent policy on digital assets.
It is possible that the Russian National Settlement Depository's plan towards a state-owned cryptocurrency and blockchain platform is a tiered-step plan towards what is to become a mandatory platform and wallet for storage of all digital currency within the country.
Whether the proposed intermediary platform is an innovative means of storing digital assets and collecting transaction information as an indirect means of revenue via taxation, or through imposed transaction fees, remains to be seen.
keep posting such informative articles....
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This post has received a Bellyrub and 0.81 % upvote from @bellyrub thanks to: @thecryptosphere, @thecryptosphere. Vote @zeartul for witness!
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Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/cryptocurrency/@thecryptosphere/4w9jxj-russia-plans-steps-toward-its-own-cryptocurrency-and-blockchain-platform-in-news
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dang so you used @randowhale @minnowsupport @lovejuice and @resteembot and thats making me wonder, its liek welfare, whats the point of working for organic upvotes when you can just get free handouts?
Also trhe idea of supporting minnows is something I am questioning because we assume all minnows are poor when actualy many people have plenty of money outside steemit, and the dolphins and whales who jhave earned their way to the top deserve more suppprt than new members whgo just got here and who just wanna amke money without helping suppport steemit, anyway just a thought, dont asume im talking about you now
BUT you shpouldnt be using this many bots man, its like cheating, it makesu look bad, u should just make new posst and saveall these welfare programs for people in deve;oping countries who actualy need them. All of us here in America can go outside and find ,opney anywhere but people in developing countries really need these programs
Maybe im wrong and am just getting angry for no reason but I am starting to wonder if its ethically right for youi to be using 6 different booster type welfare programs
I still upvoted u
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Hey so I was being a lil harsh when i said using so many bots is cheating also they arent "bots" they are minno support services and i kinda made u look bad with that sentence, and i know ur just trying to make money and use services that are meant to be used but it gives off a bad perception, i dunno, its ok tho, i relaize my comment is a lil rouugh, please dont think i was attacking ur or anything,
secertlyi am just a lil envious that your post might be worth so much money only because of your use of the supoort bots, and im jelous that i didnt think of that or am nit using it, and i just feel like, im doing the work when i could just get free welfre, i dunno lol i could be wrong and totally exageratingthis whole situation! also i dont really care THAt much when we have bigger fish to fry! I gotta work on getting us millions of new users ASAP to get orivce of stem up AND getting INVSTORS who i can cinvince steem is worth investing in, and itr totally is, the platform wil only grow!
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Thank you for your feedback. As you may have noticed, we are a new Steemit member and do not have any additional support. If you observe, we have spent close to $2.00 on promotional services for this article alone. Take into account the several hours of research and compilation to craft and write an article, as well as compile the images, and the question one must ask then is what the cost versus return of this article is. The answer for us is: this article is a negative return. Regardless, we have used these services for outreach, and to seek organic support -- as a higher valued post is more likely to be noticed on this platform. We do consider the opportunity cost. Thank you for taking the time to leave feedback, we wish for your support.
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you gotta be careful with cheetah and steemcleaners, its a powerful bot! but ya russia must accept bitcoin, no way around it
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by thecryptosphere from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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This post received a 4.2% upvote from @randowhale thanks to @thecryptosphere! For more information, click here!
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This post has received a 4.29 % upvote from @lovejuice thanks to: @thecryptosphere. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!
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