Kudrin supported the idea of the Russian authorities on the legalization of the blockchain

© RIA Novosti / Vladimir Astapkovich in fotobelka Kudrin. Archival photoKudrin supported the idea of the Russian authorities on the legalization of the blockchain© RIA Novosti / Vladimir Astapkovich the image Bank

Former Minister of Finance of the Russian Federation, head of the Foundation Council of TSSR Alexei Kudrin supported the idea of the Russian authorities on the legalization of the blockchain.

«I support the initiative of legalization of the blockchain. This is another step towards the digitalization of the state government,» Kudrin wrote on Twitter.

Earlier, Deputy Finance Minister of Russia Alexei Moiseev told RIA Novosti that the Russian authorities have decided not to impose regulation of cryptocurrencies, and will focus on the legalization of the technology, «the blockchain». According to him, the decision was made at the last September meeting of the Council for financial stability in the Russian government.

The blockchain technology — the system organization of distributed databases. According to this technology, in particular, works database, which stores information about transactions popular in the world of bitcoin.

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