Express

Russian Government-Backed Corporation To Cut Spending On Blockchain Development By 50%

Janelle Fox

Summary: Rocstec, a corporation backed by the Russian government, plans to cut the country’s spending on blockchain development by at least 50%. According to a report from domestic news outlet Kommersant on Jan. 27, the organization plans to spend 28.4 billion rubles ($453.2 million) on developing blockchain technologies in Russia by 2024, instead of the original ...

Rocstec, a corporation backed by the Russian government, plans to cut the country’s spending on blockchain development by at least 50%.

According to a report from domestic news outlet Kommersant on Jan. 27, the organization plans to spend 28.4 billion rubles ($453.2 million) on developing blockchain technologies in Russia by 2024, instead of the original 55 billion ($877.8 million) to 85 billion rubles ($1.3 billion).

By Janelle Fox

Last Update:

Tags: ,,
Link: Russian Government-Backed Corporation To Cut Spending On Blockchain Development By 50%   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 day ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago
  • You need to login to comment.