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Russia Turns to Cryptocurrencies to Counter US Sanctions

• http://russia-insider.com, Tom Luongo

The central depository for the Moscow Exchange, National Settlement Depository (NSD), announced that it is developing a platform to provide accounting services for digital assets like cryptocurrencies.

The platform looks to be build a unit of account, very important in the volatile crypto-space, for people to value their assets in and have access to through a wallet platform.

In short, the Moscow Exchange is taking a page out of Dan Larimer's BitShares and its OpenLedger exchange to provide trading and accounting and banking services all validated and accessible through the blockchain.

In essence, by the end of 2018, cryptos will be trading on the Moscow Exchange and integrated into the banking system to stand beside stocks, bonds and other derivative assets.

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