/Russia to Build a Crypto-Park to Encourage Economy Digitalization | by | Investing.com

Russia to Build a Crypto-Park to Encourage Economy Digitalization | by | Investing.com

Russia to Build a Crypto-Park to Encourage Economy Digitalization

Russian Association of Blockchain and Cryptocurrencies (RACIB) aims to deploy a grand-scale crypto-park in Stupino to facilitate fundraising via ICOs and develop blockchain-based products and decentralized apps, Cryptorussia portal reported.
Universa reaps the benefits
The crypto-part will be deployed on the basis of Universa blockchain platform, founded by Alexandr Borodich, a Russian entrepreneur, and venture investor.
Universa positions itself as a simple and secure solution for creating smart contracts and decentralized apps. It features low transaction fees, fast speed, high liquidity, and data confidentiality. The project was launched in July 2017 and got high scores during BlockchainRF-2018 congress that took part in Moscow at the end of March.

RACIB recommended Universa platform as the most high-tech and advanced solution and announced that it would be used as the primary technological solution for Stupino crypto-park.
Where is Stupino?
Stupino is a small town in Moscow Oblast with special economic area created by private investors without governmental support. Startups and established companies flock to Stupino as it features favorable conditions for business, provides engineering and industrial infrastructure along with simplified procedures for obtaining permissions and licenses.
RACIB hopes to attract high-profile specialists from Moscow and the surrounding region to the project and keep the expenses down, Zamir Akimov, RACIB vice-president, explained.

“We plan to build crypto-part in special economic and industrial area. This will allow using professional skills of specialists from Moscow and Moscow region. A single platform for fundraising via ICO mechanism is supposed to be the most effective way to create a model of working digital economy based on cryptoruble prototype and smart-tax on blockchain,” Zamir Akimov added.

This project is in line with the ideas of the Russian Ministry of Communications to limit the platforms for token generation only to accredited platforms. While RACIB strongly criticized the regulations proposed by the agency as potentially destructive for Russian crypto industry, it urged the government and relevant regulatory bodies to formulate the final position on the issue.
Currently, there are several and often conflicting proposals for digital assets regulation, provided by different agencies. The Russian industry needs clarity to be able to move forward and compete in the international arena.This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.