Japanese media outlet Nikkei reported, A cryptocurrency developed by a farmer in the remote Russian village of Kolionovo is showing no sign of losing steam
Nikkei interviewed the mastermind behind the Kolion token, Mikhail Shlyapnikov , the former banker, three months after the village’s story was telecasted on American TV channel CNN.
Shlyapnikov says that the token has somewhere in the range of 800 financial investors "from throughout the globe," with around 150 " active " worldwide traders. Kolionovo, found 130km from the capital, in the Moscow Oblast, has a populace of only 10 residents. However, a year ago the village’s ICO earned BTC 401 (USD 500,000 at the time), and saw 1 million Kolion tokens issued to 103 members of its ICO.
Nikkei quotes Shlyapnikov as saying, "I am mindful that I am working in a financial gray area." Nonetheless, he included, "There are no high interest rates to manage, and no American economic sanctions or corruption to stress over. I simply need to live in peace. I'm not hoping to give relief to the Russian economy or topple the government."
Shlyapnikov disclosed to Nikkei that a journey to issue his own particular paper cash and in this way accomplish monetary freedom from the government and major banks – in the long run drove him to the universe of cryptocurrencies. He in the end chose to launch ICO in September a year ago, related to other Kolionovo residents.
Then, the Russian national bank a week ago tried its very own ICO in a trial sandbox condition. The bank has guaranteed its test was " successful ", however expressed that legitimate hitches may hamper advance endeavors.
Russian news organization Tass quotes Ivan Semagin, the national bank's Deputy Head of Financial Market Strategy, as saying, "We directed an ICO utilizing existing foundation. In fact, everything went well, but there were a huge issues from a lawful perspective."
As revealed a week ago , Russia's parliament is set to hold a second hearing for a hotly anticipated bundle of cryptographic money specific bills in October.
