At OPEN, were all about mass adoption of cryptocurrencies and blockchain tech, and to that end keep an eye on the world stage for clues that its gaining traction.
Next on the line seems to be Russia, who as early as March could be passing a new bill to legalize cryptocurrency trades. These will have to be done in official, regulated exchange platforms. For more info, feel free to visit our new Medium post! Be sure to follow us too!
https://medium.com/@theOPENPlatform/all-eyes-on-russian-blockchain-policy-926437c1d7faRussia has been in the headline even last year due to the government's conflicting stand on whether they will welcome cryptocurrency into the country. There were some state ministers who expressed some objections to such an industry getting a foothold in the country but there were also who came out in support. There was no clear pronouncement yet from Putin on this matter though his language is more inclined to the opening of the Russian market for cryptocurrency. We have to remember that there are many Russians already into the ICO market one site is estimating that 10% of the ICO market is cornered by the Russians.
Russia can be a great addition to the available market for Bitcoin and cryptocurrency and once this can be open there would be more explosive growth in there. The county is now also preparing to absorb an influx of miners who are getting out of China and since Russia has the available power supply for mining then this can be a symbiosis relationship. OpenMoney must then be including Russia in its plans especially for expansion.