Russian Government Seeks Cryptocurrency Researchers, Will Pay 2.5 Million Rubles

The Russian State Duma is holding a delicate for a definite report regarding the matter of digital currency, blockchain innovation, and beginning coin offerings (ICOs). The administration will pay the victor 2.5 million rubles out of the government spending plan. The due date for entries is October 10.

Calling Crypto Researchers

As indicated by the Russian government's open acquirement site, the State Duma is holding a delicate for the execution of a specialist investigative examination on money related advances, including the cryptographic money market, ICOs, and blockchain innovation, nearby productions covered Friday.

The due date for applications is October 10. Every accommodation will be looked into and assessed on October 17. The agreement's champ will get an underlying most extreme installment of 2,498,800 roubles, worth around $43,400 USD. The wellspring of the financing is recorded as the Russian government spending plan.

Business Online expounded:

"The champ of the challenge should lead a market examination of digital forms of money… and break down the likelihood of utilizing ICOs as an option channel for drawing in ventures."

What the Research Should Entail

The official terms of reference for this undertaking state that the victor should "lead a significant examination of the most recent money related advances," which incorporates blockchain innovation, digital money, and ICOs. It indicates that the report should "investigate the Russian Government Seeks Cryptocurrency Researchers, Will Pay 2.5 Million Rublesprerequisites for their appearance, evaluate their prospects for the Russian budgetary market, and also the likelihood of further mix of the Russian and worldwide monetary markets under various ways to deal with the administrative use of present day money related advancements." furthermore, any potential dangers and dangers that could "prompt negative outcomes for the economy" ought to be recognized.

The investigation ought to likewise incorporate an examination of how ICOs can be utilized as "a reasonable option channel for assembling venture assets in the market of option speculations and create ways to deal with the development of an administrative system for their particular direction."

At long last, the delicate requires the victor to "create proposition for countering dangers and dangers with instruments of state direction."

Reason for Legislation

Another piece of the terms of reference portrays the motivation behind the task:

"The aftereffects of the work ought to be utilized by the State Duma of the Russian Federation to frame a bundle of administrative activities to coordinate the most encouraging money related advancements in the Russian monetary market and to authoritatively guarantee their improvement and direction."

As of now, both the national bank and the back service are drafting lawful systems for cryptographic money. News.Bitcoin.com as of late gave an account of the back service drafting a bill to authorize digital currencies, for example, bitcoin, which is normal before the year's over. Nonetheless, the national bank has talked against the authorization of cryptographic forms of money, expressing that "we won't permit the utilization of digital currency as a cash substitute."

What do you think about the Russian government looking for cryptographic money specialists? Tell us in the remarks segment underneath.

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