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Monday, February 19, 2018

At the summit with Medvedev happened cryptocurrency split

Dmitry Medvedev warned his colleagues in the Eurasian economic Union (EEU) from the overuse of cryptocurrencies. According to him, since the fate of virtual money is not yet known, it is not necessary to use them in the national economy. But, it seems, the Prime Minister was late. Belarus has become the first country in the world to legalize cryptocurrencies in the state level, as Kyrgyzstan is going to introduce bitcoins into the system of public procurement.

photo: Gennady Cherkasov

If Vladimir Putin only recently picked up the “digital” disease, the position of Dmitry Medvedev is much more serious. Premier long been interested in modern technology, regularly growing collection of gadgets and, unlike the President, not even with your own smartphone, knows how to use e-services. Ten years ago, Medvedev’s name is linked to such concepts as “modernization” and “innovation”, then now it is not against the become the main driving force of digitalization in Russia. Last year the LADIES took part in several internal events on relevant topics, and February 2, presented their ideas at an international platform, by visiting the forum “the Digital agenda in the era of globalization” in Alma-ATA.

Along with Medvedev to discuss e-government and the blockchain and cryptocurrencies gathered premiers of the countries of the Eurasian economic Union. And then suddenly it turned out that in the field of digitalization and regulation of this sphere, our country is far ahead of the rest – even in the CIS.

According to the moderator of the forum, first place in the field of e-governance in the post-Soviet space belongs to Kazakhstan, who before all created a single portal gosuslugi. But the most advanced legislation on cryptocurrencies and the blockchain since the end of last year has Belarus. The last “dictator”, as until recently used to be called Alexander Lukashenko, suddenly became a “digital liberal” and not only officially permitted any operations with cryptocurrencies, but also freed them from taxation.

“Belarus has legalized smart contracts and became the first country in the world with a comprehensive legal regulation of cryptocurrency operations,” with ill-concealed admiration, said moderator and have looked with interest towards Belarusian Prime Minister Kobyakov, saying, how is it you manage?

Kobyakov said that Belarus does not want to lose to competitors: “Who is first to get new items, that and will win”. Who knows if banks will survive in the new battle of the century? And if you lose, what will happen to those countries that don’t think about the alternative? However, Kobyakov noted that the internal circulation of cryptocurrency while will not be admitted. Regulation at the moment will only affect residents of the Park of high technologies – local analogue to Silicon valley. “But if anything happens, we will implement these solutions in their market”, he added.

Even more strongly in the new field ready to act in Kyrgyzstan. Although the previous administration had banned the circulation of virtual currencies, and the local version of e – government “system, tunduk” – appeared only last year, Bishkek does not intend to take the time to buildup. “We are changing the approach to life of the country and want to use cryptocurrencies in our public procurement. This will reduce the level of corruption and optimize public spending,” said Prime Minister Sapar Isakov.

The excessive optimism of the colleagues do not like Dmitry Medvedev, who a few years ago publicly refused to be a liberal, stressing that in fact has always been in the camp of the conservatives. This conservatism, as it turned out on the forum, applies to cryptocurrencies. The Prime Minister said that to hurry up with their implementation, especially the procurement system, it is not necessary. Nobody can predict the future of digital money – they will be the universal means of payment or burst another bubble?

According to Medvedev, for EEU member countries of national policy in the field of regulation of cryptocurrency transactions and activities related to blockchain technology, the more dangerous, as their economies are closely linked with each other. “We should not confine itself within national models. It will be impossible to implement those principles within a single country. We need to synchronize our efforts and to develop common approaches,” said the LADIES.

He proposed in the framework of creating a common digital space in the Eurasian Union to generate three platform – “date x” for legal entities, “AI Dee” for citizens and “geo,” which will simplify the control of movement of goods. According to Medvedev, if the initiative is maintained, Russia is ready to provide its expertise “practically on a gratuitous basis”.

Foreign consultants, in turn, recommended to the Ministers and the former Soviet republics to effectively use existing natural resources. “Data centers need to build closer to the water, as they require a lot of energy and emit a lot of heat” – taught technical officer Dell EMC Nigel Molten. Now, according to experts, it is necessary to prepare for the transition to 5G, and actively develop the infrastructure so that new solutions become available to users. “All this is very expensive technology! Save money!”- told Dmitry Medvedev, colleagues. And in clarifying the question of the Kazakh Prime Minister: “In what currency?”said that in any even bitcoins can be amiss.

Read the story: Medvedev was in the earthquake in Almaty and accused the impure forces

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