net_left Kdata Phương Thức Thanh Toán
Phương Thức Thanh Toán

From Russia With Love: The Election and Blockchain Edition

Russia will be holding a major election of its State Duma — the lower house of that country’s legislative body, known as the Federal Assembly — on...
From Russia With Love: The Election and Blockchain Edition From Russia With Love: The Election and Blockchain Edition

Russia will be holding a major election of its State Duma — the lower house of that country’s legislative body, known as the Federal Assembly — on Friday, September 17 through Sunday, September 19th. The reason the voting will occur over a three-day span is to accommodate social distancing and limit crowd size as a result of the ongoing pandemic. The Russian Central Election Commission made that decision last July because the stakes of this upcoming election are so high.

As context, all 450 seats of the State Duma are up for grabs, with only 226 seats needed to have a majority. Currently, the United Russia (UR) party — which is the political party of Russian President Vladimer Putin — is in control of the State Duma with 336 seats or more than 70% of that house. However, security consultancy GardaWorld states in its most recent Russian Report that the two main political campaigns are drawing closer together at the polls.

Current polling data shows the UR has 34% of those surveyed, while the Communist Party of the Russian Federation (KPRF) has 30%. The report explains another layer of complexity in the Russian election system, where half of the seats in the State Duma are directly elected by their local voters and the other half is elected via the respective parties. According to the report, despite losing popularity nationally, due to its sheer size the UR is expected to win an overwhelming majority of those direct vote districts – enabling the UR to maintain control of the State Duma.

As previously stated, the voting will occur against the backdrop of the COVID-19 pandemic and record high levels of voter apathy in that country. Those two factors are likely to negatively impact voter turnout. However, the Russian government has introduced centralized, blockchain-based e-voting to enable remote ballot casting.

Last year, the Russian Central Election Commission intentionally launched the blockchain-based remote voting system before it was completely ready, most likely to give it a test run before this year’s national elections. The specific voting system developed was a private blockchain that was purpose-built by the government and its state-run telecommunications provider, Rostelcom. While this blockchain voting system was reportedly deployed successfully — albeit prematurely — in two smaller regional elections in September 2020, it’s unclear whether it can adequately scale to meet the demands and scrutiny of a national election with millions of voters.

Tangential to this upcoming election is a series of recent crypto-related bills being considered and new crypto-laws that directly impact Russian officials currently in office or running for office.

Those rules include:

  • A recent bill introduced in May 2021 that would require office holders disclose any digital asset purchase over the past three years AND the source of those funds, which would then be crosschecked against their state salaries;
  • A bill presented in February 2021 that would require all Russian residents, including those in elected office, report any crypto holdings once they exceed 60,000 rubles (approx. $8300 U.S.);
  • An executive order by Putin that took effect in December 2020 requiring all Russian officials disclose any cryptocurrency holdings, utility tokens, or digital securities;
  • A January 2021 decision by the Russian Ministry of Labor banning all officials from holding crypto and mandating the disposition of those assets.
Ironically, despite this disdain for private cryptocurrencies, the Central Bank of Russia announced its plans to issue its own central bank digital currency — the digital ruble — in conjunction with 12 other banks. The target date for testing the digital ruble is scheduled for January 2022.

On The Flipside

  • Russia seems to have a dualistic view regarding blockchain and cryptocurrencies.
  • Perhaps it’s not surprising that the aspects of blockchain that strengthen the position and control of the government are the attributes most supported.

Why You Should Care?

It will be interesting and telling to see the results of a national election run on blockchain. For instance, there are still large pockets of voters in the U.S. who claim Russians interfered with both the 2016 and 2020 elections, impacting those outcomes. Might Russia’s blockchain voting system be a forerunner solution to prevent its own meddling in other countries’ elections?

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
28-03-2024 16:55:20 (UTC+7)

EUR/USD

1.0776

-0.0050 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.0776

-0.0050 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

GBP/USD

1.2591

-0.0047 (-0.37%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

USD/JPY

151.51

+0.18 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6486

-0.0046 (-0.71%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.3611

+0.0043 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

163.18

-0.57 (-0.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

EUR/CHF

0.9767

-0.0019 (-0.19%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (2)

Gold Futures

2,217.30

+4.60 (+0.21%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

Silver Futures

24.565

-0.187 (-0.76%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (9)

Sell (1)

Copper Futures

3.9943

-0.0057 (-0.14%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (4)

Crude Oil WTI Futures

81.89

+0.54 (+0.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Brent Oil Futures

85.85

+0.44 (+0.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

1.692

-0.026 (-1.51%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

US Coffee C Futures

188.45

-2.20 (-1.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

Euro Stoxx 50

5,100.25

+18.51 (+0.36%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

S&P 500

5,248.49

+44.91 (+0.86%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

DAX

18,505.85

+30.79 (+0.17%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,971.53

+39.55 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Hang Seng

16,541.42

+148.58 (+0.91%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,114.35

+44.19 (+2.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

11,085.17

-26.13 (-0.24%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

53.165

-0.085 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Bayer AG NA

28.48

+0.05 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (8)

Allianz SE VNA O.N.

277.95

+0.50 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (2)

Adidas AG

206.70

+2.00 (+0.98%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

7.278

+0.101 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (2)

Siemens AG Class N

177.55

+0.63 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (8)

Deutsche Bank AG

14.678

+0.066 (+0.45%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0776↑ Sell
 GBP/USD1.2591↑ Sell
 USD/JPY151.51↑ Buy
 AUD/USD0.6486↑ Sell
 USD/CAD1.3611↑ Buy
 EUR/JPY163.18↑ Sell
 EUR/CHF0.9767Buy
 Gold2,217.30Sell
 Silver24.565Buy
 Copper3.9943Sell
 Crude Oil WTI81.89↑ Buy
 Brent Oil85.85↑ Buy
 Natural Gas1.692↑ Sell
 US Coffee C188.45↑ Sell
 Euro Stoxx 505,100.25Buy
 S&P 5005,248.49↑ Buy
 DAX18,505.85Sell
 FTSE 1007,971.53↑ Buy
 Hang Seng16,541.42Neutral
 Small Cap 20002,114.35↑ Buy
 IBEX 3511,085.17↑ Buy
 BASF53.165↑ Buy
 Bayer28.48↑ Sell
 Allianz277.95↑ Buy
 Adidas206.70↑ Buy
 Lufthansa7.278↑ Buy
 Siemens AG177.55Neutral
 Deutsche Bank AG14.678↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,880/ 8,050
(0/ 0) # 1,447
SJC HCM7,900/ 8,100
(10/ 10) # 1,498
SJC Hanoi7,900/ 8,102
(10/ 10) # 1,500
SJC Danang7,900/ 8,102
(10/ 10) # 1,500
SJC Nhatrang7,900/ 8,102
(10/ 10) # 1,500
SJC Cantho7,900/ 8,102
(10/ 10) # 1,500
Cập nhật 28-03-2024 16:55:22
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,196.97+5.950.27%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$81.62+4.190.05%
Brent$85.73+4.090.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.580,0024.950,00
EUR26.018,3427.446,04
GBP30.390,9531.684,00
JPY158,69167,96
KRW15,8419,20
Cập nhật lúc 16:51:34 28/03/2024
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán