Russia Announces Blockchain Technology Legalization by 2019

Russia’s Ministry of Communications (Minkomsvyaz) has announced it is aiming to “legalize” Blockchain technology by 2019.

The local news agency TASS quotes a document related to Russia’s Digital Economy of the Russian Federation project, which lays out a timeframe for creating and passing “regulatory acts” for Blockchain itself.

Specifically, the document refers to “bringing into effect regulatory acts governing the possible use of technology for decentralized registers and legal certificates.”

The update follows a request from prime minister Dmitry Medvedev, who instructed Minkomsvyaz and its counterpart Ministry of Economic Growth (Minekonomrazvitie) to “study to what extent [Blockchain] would be applicable to our system of government.”

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