RATE Group | Russia’s Richest Man Launching Cryptocurrency With Central Bank’s Approval: Report
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Russia’s Richest Man Launching Cryptocurrency With Central Bank’s Approval: Report

01 Mar Russia’s Richest Man Launching Cryptocurrency With Central Bank’s Approval: Report

Posted at 19:20h in Cryptocurrency News by

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Vladimir Potanin, Russia’s richest man, is planning to kick off his own blockchain-based platform and cryptocurrency after getting the nod from the Russian Central Bank, Moscow Times reports. New digital tokens will allow holders to purchase metals, book air tickets and transfer ski passes from Potanin’s own ski businesses. Dubbed “Atomyze”, the billionaire’s blockchain platform aims to speed up transactions, trim paperwork and eliminate middlemen.

In a recent interview, Potanin says,

“To some extent, Russia appears ahead of many other jurisdictions in terms of digitalization. The central bank gave us a very wide mandate.”

According to the report, Atomyze will also be available in the United States and Switzerland but it will be limited to institutional clients. The platform is expected to go live by the end of the year following the enactment of a Russian law on digital financial assets.

Potanin built his $22 billion fortune in the…

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