Russian Government Seeks Cryptocurrency Researchers, Will Pay 2.5 Million Rubles
The Russian State Duma is holding a delicate for a nitty gritty investigation regarding the matter of cryptographic money, blockchain innovation, and beginning coin offerings (ICOs). The administration will pay the champ 2.5 million rubles out of the government spending plan. The due date for entries is October 10.
Calling Crypto Researchers
As per the Russian government's open obtainment site, the State Duma is holding a delicate for the execution of a specialist scientific examination on money related advancements, including the digital currency market, ICOs, and blockchain innovation, nearby productions wrote about Friday.
The due date for applications is October 10. Every accommodation will be looked into and assessed on October 17. The agreement's victor 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.
What the Research Should Entail
The official terms of reference for this undertaking state that the victor should "direct an important investigation of the most recent monetary advancements," which incorporates blockchain innovation, digital money, and ICOs. It determines that the report should "investigate the essentials for their appearance, evaluate their prospects for the Russian money related market, and additionally the likelihood of further coordination of the Russian and worldwide monetary markets under various ways to deal with the administrative utilization of present day budgetary advancements." moreover, any potential dangers and dangers that could "prompt negative results for the economy" ought to be recognized.
The examination ought to likewise incorporate an investigation of how ICOs can be utilized as "a feasible 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 last, the delicate requires the champ to "create proposition for countering dangers and dangers with instruments of state control."
Reason for Legislation
Another piece of the terms of reference portrays the motivation behind the venture:
Presently, both the national bank and the fund service are drafting legitimate structures for digital money. News.Bitcoin.com as of late gave an account of the back service drafting a bill to authorize cryptographic forms of money, for example, bitcoin, which is normal before the year's over. In any case, the national bank has talked against the authorization of digital currencies, expressing that "we won't permit the utilization of cryptographic money as a cash substitute."