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]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 9 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 16 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 20 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 23 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 27 days ago

    • You need to login to comment.