Ethereum Foundation partners with Russian Bank

Ethereum Foundation announces its partnership with Russian Vnesheconombank (VEB)
30 August 2017   1491

Ethereum foundation and Russian Vnesheconombank (VEB) have signed a partnership agreement. The ceremony took place at the "Blockchain: The New Black Gold of Russia" conference. The document was signed by Ethereum foundation founder, chief architect of Ethereum platform Vitalik Buterin and Vnesheconombank Chairman Sergey Gorkov.

As reported, the agreement focuses on a long-term and effective partnership in the implementation of the projects using distributed registry technology and the Ethereum platform, the formation of an expert community on the Ethereum platform, and the joint development and the implementation of the educational programs for training specialists in distributed registries and the Ethereum platform based on Vnesheconombank's Blockchain Competence Centre.

The Centre aims at accumulation of the competencies and knowledge about innovative technologies, development of the platforms for government organizations, training and popularization. Thus, Russia is becoming an important player in the development of blockchain industry in the world.

We unite the efforts of all the interested parties and create the first Competence Centre in Russia for state companies and authorities, forming an ecosystem of the innovations. Both Russian developers and world leaders will contribute to the project. We are pleased to add Ethereum foundation's experience and expertise to VEB's knowledge.

Sergei Gorkov
Vnesheconombank Chairman

The partnership hopes to help foster a community of Ethereum experts within Russia and to assist the formation projects based on Ethereum and other blockchain.

Cooperation between Ethereum and VEB gives a unique opportunity to engage in research and development on the use of blockchain technology for public administration and accelerate the adaptation of this technology to government organizations in the Russian Federation.

Vitalik Buterin
Ethereum founder

Thus, the partnership seems to be a part of a series of steps that Russia are taking towards blockchain implementation nationwide.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.