Bitcoin Forum

Boris Titov, the leader of Russia’s Party of Growth, has called for Russia to legalize cryptocurrencies like bitcoin and become a leader in blockchain development. Titov, also a businessman, and bitcoin advocate, has proposed the creation of a region in the Crimea similar to the “kriptodoliny” (Cryptovalley) in Zug, Switzerland for funding cryptocurrency and blockchain organizations.

Switzerland’s “Crypto-Valley” based in Zug is home to a number of bitcoin and blockchain startups supported by the Crypto Valley Association. The association supports industry startups through policy recommendations, organizing conferences and hackathons, enabling researching programs and more.

Titov has also said Russia can take advantage of its difficult economic situation to embrace blockchain technology as a way to become a very profitable country. The country should create opportunities for foreign investors to invest in bitcoin by removing restrictions on such investments, he said, and the country can use blockchain to develop its economy.

What do you think about Titov’s Bitcoin & Blockchain Tech ideas and proposals for Russia?