{"id":2491,"date":"2016-06-18T15:53:54","date_gmt":"2016-06-18T12:53:54","guid":{"rendered":"https:\/\/forklog.media\/?p=2491"},"modified":"2016-06-18T15:53:54","modified_gmt":"2016-06-18T12:53:54","slug":"head-of-post-bank-believes-government-will-inevitably-lose-control-over-money-transactions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/head-of-post-bank-believes-government-will-inevitably-lose-control-over-money-transactions\/","title":{"rendered":"Head of Post Bank Believes Government Will Inevitably Lose Control Over Money Transactions"},"content":{"rendered":"<p>Speaking at Saint Petersburg International Economic Forum, <strong>Dmitry Rudenko<\/strong>, Head of Russia-based PostBank, stated that the development of blockchain technology and cryptocurrencies is profitable for Russia due to its infrastructure and nature features.<!--more--><\/p>\n<p>According to RIA Novosti, he said:<\/p>\n<blockquote><p><strong>\u00e2\u20ac\u015bI would immediately welcome a cryptocurrency and a blockchain-based settlement system for one simple reason: I have to deploy offices across the entire country, including the regions where delivery of cash is more expensive than the cash itself. In Russia, when it comes to the country&#8217;s ecosystem and infrastructure, there&#8217;s no other option.\u00e2\u20ac\u0165<\/strong><\/p><\/blockquote>\n<p>However, Rudenko noted that the government is still not ready to do that, as a distributed system based on blockchain technology would cause it to lose control over money transactions.<\/p>\n<blockquote><p><strong>\u00e2\u20ac\u015bI see no problem here. It will happen anyway,\u00e2\u20ac\u0165<\/strong> the bank&#8217;s head added.<\/p><\/blockquote>\n<p>According to Lexnet.io lawyer Valentin Pivovarov, Russian authorities see a threat in blockchain technology and cryptocurrencies as the new technologies are capable of completely decentralizing social processes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaking at Saint Petersburg International Economic Forum, Dmitry Rudenko, Head of Russia-based PostBank, stated that the development of blockchain technology and cryptocurrencies is profitable for Russia due to its infrastructure and nature features.<\/p>\n","protected":false},"author":1,"featured_media":2493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[30,439,440,27],"class_list":["post-2491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency","tag-dmytry-rudenko","tag-pochta-bank","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"61","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/2491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=2491"}],"version-history":[{"count":2,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/2491\/revisions"}],"predecessor-version":[{"id":2494,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/2491\/revisions\/2494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/2493"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=2491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=2491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=2491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}