Published On: Thu, Nov 23rd, 2017

Russia: Abramovich Among Billionaires Set to Invest in Cryptocurrency

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Three of Russia’s richest businessmen including Roman Abramovich are investing majorly in cryptocurrencies via a European fund.
Famous Faces Pile Into Crypto
Roman Abramovich, Aleksandr Abramov and Aleksandr Frolov are all pumping funds into the emerging financial phenomenon through Blackmoon Crypto.
The new project aims to “create and maintain the world’s best framework for tokenized funds” and is a daughter of Blackmoon Financial, which raised $30 million in an ICO in partnership with Berlin-based VC fund Target Global.
Target is the point of entry for the three Russian interests, while another billionaire Roman Trotsenko is aiming to release a platform for exchanging cryptocurrencies and handling ICO, local news outlet The Bell reports.
“We had an interest in investing only in Bitcoin and we’re developing the infrastructure; we’re not going to move passengers, but rather service them on the ground,” he told the publication.
…But Russia Declares Bitcoin Will ‘Never’ Be Legal
Trotsenko’s platform is the latest homegrown crypto platform nonetheless facing uncertainty before it has even opened for business.
Russia’s confusing and contradictory legal narrative on Bitcoin continues to perplex, with communications …

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