[2015-10-14] Qiwi: Bitcoin Technology is 'Beyond' Russia's Proposed Ban

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New details have emerged about Russian payments giant Qiwi's plans to issue its own cryptocurrency.

Russian-language bitcoin news site ForkLog spoke with Qiwi communications director Konstantin Koltsov and Alexei Arkhipov, who is overseeing the project, about the "bitruble", which made waves in Russian media circles last month after the firm announced its intentions.

Russian government officials like financial ombudsman Pavel Medvedev later denounced the plan, but the company has moved ahead, filing for relevant trademarks and floating the notion of backing the currency with commodities.

Happy reading : http://www.coindesk.com/qiwi-bitruble-russias-bitcoin-ban/