#VEB

Russia’s state development bank Vnesheconombank, also known as VEB, confirmed partnership with Chinese Huobi Group, operator of the world’s third largest cryptocurrency exchange by daily trading volume, however stressed that this collaboration does not provide for any trading platform initiatives.

According to Russian state-owned news agency TASS, the country will open the first competence center for blockchain research under the auspicies of Russia’s state-owned bank VEB, as well as experts from Ethereum and Exonum, which is BitFury’s platform.