Dmitry Medvedev: “It’s too early to regulate the blockchain”

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Dmitry Medvedev said that blockchain technology is still developing too quickly to be effectively regulated.

During «Dialogue» on «Russia 24» the prime minister touched on a variety of topics, including digital regulation. In his opinion, control in this area should be carried out not by each country separately, but at the global level..

Dmitry Medvedev noted the rapid pace of development of digital technologies, which is why the government does not have time to introduce effective regulatory mechanisms, and is forced to establish a regulatory framework. However, he said that the issue of the use of personal data by IT giants requires an urgent solution, so the authorities are already developing measures to protect users..

Regarding the blockchain, the Prime Minister does not yet see the point of introducing any regulatory restrictions, since he believes that after only a year they will have to be revised.

Dmitry Medvedev: 'It's too early to regulate the blockchain'

The use of blockchain in the state will significantly increase efficiency and reduce costs. for instance, if the Russian Pension Fund starts using this technology, it will be able to save up to 1 billion rubles annually.

text: Ivan Malichenko, photo: Rossiyskaya Gazeta, RBC

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