Huobi Founder and CEO Leon Li and renowned Russian economist Sergey Glazyev, one of President Vladimir Putin’s advisor, met up at Huobi’s Beijing-based office to talk about blockchain on September 20 .
Blockchain-Powered Tag Team
According to Huobi’s press release, the two discussed the potential of blockchain technology, cryptocurrency, and Huobi’s potential place in Russia’s financial marketplace. Glazyev asserted that the combination of Huobi’s experience to carry out in Russia will have a positive effect Russia’s economic growth.
Positive that it is a great opportunity to explore this area, he said:
“The cryptocurrency industry is still booming and expanding, and almost every country on the planet is making an attempt to grow the crypto-space. If Huobi Group can set a good example for the market, it will be of great help to Russia’s national legislation on blockchain cryptocurrencies.”
Hoping that some advanced countries will also utilize blockchain and digital technology in their national market organizations, Glazyev reasoned that they can aid in making the money market more sustainable, transparent, and less risky. Digital assets, he said, also “enhances the development of blockchain technology. They are inseparably interconnected.”
Blockchain Vs. Corruption
A prominent supporter of blockchain technology, Glazyev also reportedly pushes for the use of blockchain to support government affairs and to thwart corruption and other different types of financial fraud.
Russia’s proactive search for a solution that would put an end to money laundering and terrorist funding continues. Just last month, The Russian Federal Financial Monitoring Service (RFFMS) arranged a contract with the Institute for Information Security and Analysis (SPI) to build an analytical tool that can trace cryptocurrency transaction.
“In some countries, blockchain technology has been used beyond digital assets and even in administrative processes, such as smuggling prevention, since this is the best technology for transaction transparency and risk prevention.”
To further grow their adoption of the blockchain technology, Huobi Group has handpicked the members of its Huobi Chain Advisory Committee. The members include Facebook’s Senior executive Randi Zuckerberg and Bitmain’s Jihan Wu, as well as Don Tapscott, Jeffrey Wernick, Lon Wong, Ooi Beng Chin, Steve Hoffman, and Xiaolei Liu. Together, they will provide professional advice and insights on underlying technology, business model construction, industry application, and other dimensions of blockchain technology, Ibinex News reported.
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