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In Brief Reopening Discussion President of the Russian Federation, Vladimir Putin, held a discussion this week with major leaders in the country’s financial sector to seemingly reverse course on where Russia stands on cryptocurrency. Just yesterday, the Russian Central Bank First Deputy Governor Sergei Shvetsov called cryptocurrencies “dubious” and vowed to support efforts to block access to external websites that offer cryptocurrency brokering services in the country. With this, it seemed that Russia was shifting gears away from previous
Russian president Vladimir Putin said in a meeting today that cryptocurrencies pose significant risks related fraud and money laundering. Quoted by Russian state news service TASS, Putin was speaking during a meeting that was focused on the subject of cryptocurrencies and financial tech more broadly. In the meeting, he formally voiced his support for new rules around cryptocurrency trading, stating that Russia should look to international examples as a guide when developing those regulations. Indeed, the meeting represents some
In Brief AI Goes to War On Monday morning, in response to an article from The Verge discussing Vladimir Putin’s remarks on artificial intelligence (AI), Elon Musk took to Twitter to share his views. China, Russia, soon all countries w strong computer science. Competition for AI superiority at national level most likely cause of WW3 imo. — Elon Musk (@elonmusk) September 4, 2017 China, Russia, soon all countries w strong computer science. Competition for AI superiority at national level
In Brief Who Has the Bots Makes the Rules Russian President Vladimir Putin spoke on Friday at a meeting of students in Yaroslavl, Russia about the development of artificial intelligence (AI). In a rather ominous sounding warning, the leader stated that “the one who becomes the leader in this sphere will be the ruler of the world.” Many of those working in the field see AI as a tool for making humanity better, while others foresee it as a
An advisor to Russian President Vladimir Putin is trying to raise as much as $100 million in an initial coin offering (ICO). The funding effort for the "Russian Mining Company" was revealed this week by Dmitry Marinichev, who serves as the internet ombudsman to Putin's office. According to a presentation published in tandem with the unveiling, the team behind the effort is planning to tap as much as 20 megawatts to power their mining farm, using chips developed domestically.