QIWI: BitRuble Is Not Subject to Cryptocurrency Ban

March 10, Russian ministry of finance proposed to introduce up to seven years of imprisonment as a punishment for issuance and usage of money surrogates, including Bitcoin and other cryptocurrencies. ForkLog most certainly recalled QIWI’s project BitRuble, which at first thought is definitely subject to the law in question.

Cryptotechnology Beyond Prohibition: An Interview with Bitruble Project Managers

Earlier this September, Russias largest payment processor QIWI has announced its plans to launch its proprietary cryptocurrency dubbed bitruble.

Russian Central Bank takes a favorable view of Bitruble

As it became known to ForkLog, head of Russian Central Bank Elvira Nabiullina took a favorable view of QIWIs initiative to develop cryptocurrency called bitruble and cryptotechnology research in general.