NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Qiwi, Russian Leading Payment Provider is Issue Digital Currency

NewsBTC
NewsBTC
4 years ago
2 mins read
qiwi article cover NewsBTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Despite Russian banks being unfriendly towards bitcoin, Qiwi is planning to develop its own Cryptocurrency.

The Qiwi Wallet is a Russian electronic payment system and credit card processor, launched at the end of 2007. The system allows customers to quickly and conveniently make online purchases, online payments, and much more. The Payment services provider Qiwi PLC (NASDAQ: QIWI) is currently one of the most popular Russian online payment Services providers. The company announced it was planning to issue its own digital currency and start using the blockchain technology. The company already engaged negotiations with the Bank of Russia, and there had been informal meetings with representatives regarding the launch of the new crypto currency.

Early this year, the Bank of Russia issued a statement in which it warned about the use of cryptocurrencies may be regarded as criminal activity. A lot of cryptocurrency related businesses have stopped offering Bitcoin services since then.

Vladimir Putin, The President of Russia, already expressed himself favorably to this new technology; however, the country still has its back turned on bitcoin and fear that it could be banned been rising for some time.

Nevertheless, according to the head of Russian Central Bank, Elvira Nabiullina, the Russian bank isn’t going to ban digital currency and blockchain technologies and even sees a future with it. To analyze the case, the Bank of Russia named a research group for studying the use and the potential benefits of bitcoin and Blockchain technologies. The group will try to learn in what ways this new technology could be used for payments in the country.

Although new technologies, including crypto technologies like blockchain, seems to be increasing, the Russian lawmakers strictly oppose the use of cryptocurrencies.

Russian financial authorities fear that digital currencies could be used to finance terrorism or routed to money laundering, but the company is trying to convince the country’s regulators that the technology is much more than that.

Qiwi’s assigned Bitruble project manager Alexei Arkhipov, revealed that the main difficulty the Bank was now facing was the general absence of regulating models for the digital currency market and other relevant technologies in the country.

If the company gets an approval from the Bank, it plans to launch the new digital currency called “Bitruble” as soon as next year with estimates for the initial expenses to cost several hundred million rubles.

In the end, it seems that the Russian Central Bank is taking a favorable stance on the “Bitruble” proposal and a positive view of Qiwi’s plan to launch its “Bitruble”, so let’s wait for its final decision.

Source & Image

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ChatGPT預測以太坊6,000美元前技術關卡 更快達到100倍幣增長有那些山寨幣?

根據當前市場技術結構與宏觀動能,ChatGPT預測以太坊(ETH)在未來數月將持續上漲,並有機會在2025年底前突破6000美元。這一預期建構於長期技術形態突破、資金流強化、以及宏觀政策和風險偏好的集...

Mark Mak 6 hours ago
파키스탄·엘살바도르, '비트코인 협력' 논의…지금 주목할 만한 사전판매는?

파키스탄·엘살바도르, ‘비트코인 협력’ 논의…지금 주목할 만한 사전판매는?

파키스탄과 엘살바도르가 암호화폐를 외교 정책의 중심축으로 삼는 새로운 양자 동맹을 공식화했다. 이는 암호화폐 규제 및 채택을 둘러싼 국제적 흐름 속에서 이뤄진 또 하나의 전략적 전...

Soyeon Lee 6 hours ago
Satoshi-Era Bitcoin Now for Sale: Galaxy Digital Sends 1,500 BTC To Binance

Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance

Bitcoin is currently consolidating between $115,000 and its all-time high of $123,000, forming a tight range that has kept both...

Sebastian Villafuerte 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

$57 Billion Mistake? Ex‑Ripple Engineer Reveals XRP Investment Blunder

Christian Encila 49 minutes ago
Bitcoin

Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

Opeyemi Sule 2 hours ago
Bitcoin Miner Sales Surge To Highest Level Since April – Details

Bitcoin Miner Sales Surge To Highest Level Since April – Details

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    11 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    11 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    11 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    11 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.