Category Archive: boris titov

Russian Party accepts Bitcoin

Today reports explain that a minor political Russian party accepts bitcoin donations.

The center-right party created back in 2009 called the Party of Growth, in fact, will accept donations in the cryptocurrency. 
This news originally appeared on Interfax and TASS, two magazines about Russia and that cover remarks from Boris Titov, the head of the Party of Growth and advisor to Russian President Putin for business-related issues.

Why the Russian Party accepts Bitcoin 

According to these magazines, Titov explained that the party need funds from new sources, including crowdfunding and bitcoin – but only from people with verified identity, he continued. 
In fact, the party wants to promote the acceptance of the digital currency within its own country.
To do so, the party will also create a legislation that will be able to simplify the technology adoption and development in Russia.

“Russia can take advantage of the difficult economic situation that has developed today for us to become a very profitable country open to blockchain”.
Currently the party of Growth doesn’t hold any seats in the Duma, but it has two representatives in Russia’s regional legislatures.

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