[2017-11-23] Abramovich among billionaires set to invest in cryptocurrency

[FollowSynergy]

Three of Russia’s richest businessmen including Roman Abramovich are investing majorly in cryptocurrencies via a European fund.

FAMOUS FACES PILE INTO CRYPTO

Roman Abramovich, Aleksandr Abramov and Aleksandr Frolov are all pumping funds into the emerging financial phenomenon through Blackmoon Crypto.

The new project aims to “create and maintain the world’s best framework for tokenized funds” and is a daughter of Blackmoon Financial, which raised $30 million in an ICO in partnership with Berlin-based VC fund Target Global.

Target is the point of entry for the three Russian interests, while another billionaire Roman Trotsenko is aiming to release a platform for exchanging cryptocurrencies and handling ICO, local news outlet The Bell reports.

“We had an interest in investing only in Bitcoin and we’re developing the infrastructure; we’re not going to move passengers, but rather service them on the ground,” he told the publication.

…BUT RUSSIA DECLARES BITCOIN WILL ‘NEVER’ BE LEGAL

Trotsenko’s platform is the latest homegrown crypto platform nonetheless facing uncertainty before it has even opened for business.

Russia’s confusing and contradictory legal narrative on Bitcoin continues to perplex, with communications minister Nikolay Nikiforov last week claiming the country would “never” legalize cryptocurrencies.

Despite having what he describes as a fully functional platform, Trotsenko is therefore biding his time before making it available to any users, having raised the topic of legalization with president Vladimir Putin in September.

Mining and ICOs are due for formal regulation by Russia in July next year, while preparations continue to introduce some form of crypto laws by January. Russia’s so-called CryptoRuble, which the central bank unveiled earlier this month, aims to be the sole instrument available on the Russian market and will enjoy regulatory freedoms in return for strict state control.

In the last year, revenue from Russian ICOs passed $300 million, the Bell adds, a figure which dwarfs total VC input over the same period.

http://bitcoinist.com/russia-abramovich-billion-invest-crypto/

[Lieldoryn]

Of these coins a lot, but who will support them? In Russian there is no money. It is a poor country. From abroad no one will invest money in the currency of the country ruled by an authoritarian kleptocratic regime. I am sure that this currency is doomed to failure. They can take the bitcoin but such confidence in cryptool will not. This is a Scam.

[jekjekman]

Of these coins a lot, but who will support them? In Russian there is no money. It is a poor country. From abroad no one will invest money in the currency of the country ruled by an authoritarian kleptocratic regime. I am sure that this currency is doomed to failure. They can take the bitcoin but such confidence in cryptool will not. This is a Scam.

Russia have no money and a poor country? why did you say so.

Roman Abramovich is a russian billionaire that earn his wealth with his ideas and dedication and it happens for a reason though so if he is investing with Bitcoin then I think he sees a huge potential with it as he is a veteran investors that knows this kind of things.

It is true that some of the ICO's that was created before will not succeed in the future and other business man is taking an advantage to still do some of it but let us give them the benefit of the doubt.

[Karakyli]

Despite the fact that in July of next year in Russia they plan to legalize and regulate the production of crypto currency and conduct ICO, Russian billionaires invest in crypto-currency in their own country, but in Europe. On the one hand, billionaires are confident that the currency will bring profit to them, and thus, the Crypto currency has a good prospect for development, and on the other - they are not sure that the crypto currency will develop in their own country.

[coolcoinz]

Of these coins a lot, but who will support them? In Russian there is no money. It is a poor country. From abroad no one will invest money in the currency of the country ruled by an authoritarian kleptocratic regime. I am sure that this currency is doomed to failure. They can take the bitcoin but such confidence in cryptool will not. This is a Scam.

Russia have no money and a poor country? why did you say so.

Roman Abramovich is a russian billionaire that earn his wealth with his ideas and dedication and it happens for a reason though so if he is investing with Bitcoin then I think he sees a huge potential with it as he is a veteran investors that knows this kind of things.

It is true that some of the ICO's that was created before will not succeed in the future and other business man is taking an advantage to still do some of it but let us give them the benefit of the doubt.

He doesn't know what he's saying. Russia has more rich people than any other country in Europe. Did you hear about Russian oligarchs? Companies that supply half of Europe with natural gas belong to them, and that's just one of the branches of Russian industry, there are many more. It's true that most Russians are poor, but there are also people who rich enough to have private airfields, fleets of ships and armies of security guards. If they get their money into Bitcoin the charts will explode.