by Chris Campbell
Laissez Faire Books
“The greatest deficiency of today’s financial markets,” Yelena Chaikovskaya, head of Bank of Russia’s department for financial market development, said during the recent Exchange Forum in Moscow, “is trust.
“Blockchain seems a magic pill to solve the crisis.
“Whether it’s true or not,” she went on, “only time will tell. Bank of Russia actively researches the technology, mostly in regard to closed or regulated systems providing an acceptable level of risk to participants.”
Russia is no exception.