In Chechnya began to implement the program of “Crypto Chechnya”

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In Chechnya began to implement the program of “Crypto Chechnya”

Chechen authorities are going to develop the economy of the Republic due to the blockchain sector. For five years in Chechnya will appear, the branches of Chinese and Korean kryptomere, factories for the production of equipment for mining, a platform for creating startups and holding ICO and even program of e-citizenship.

But the first draft of the program will be the international mining pool, whose creation was agreed between the head of Chechnya Ramzan Kadyrov and the President of the Russian Association of cryptocurrency and blockchain Yuri Pripachkin. The pool will be issued within the regulatory site of the Central Bank of Russia.

The pool participants will be miners from Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan – countries of the Eurasian economic Union (EEU).

“It is believed that Russia accounts for 2-5% of the world’s production capacity of electronic currency, – says the President of RAKIB. – China is in the lead with 60%, the United States and Canada collectively second place with 16%, followed by Georgia with 6%, Europe accounts for about 5%”.

The launch of the pool will allow Russia to increase the volume of generated tokens and tax revenues in the budget of the Chechen Republic more than 10% per year.

Yuri Pripachkin is confident that the establishment of the international mining pool in Chechnya – the first step towards the creation of the Republic full kleptoklatura. But there will be it not earlier than adopting a cryptocurrency legislation. The state Duma of the Russian Federation seems to be going to consider making amendments to regulate the turnover of the crypt, but when will this project be implemented exactly say it is impossible.

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