Russian electronic wallet platform Qiwi, which announced its intention to start releasing Bitruble in two years, has addressed the Federal Intellectual Property Service to register Bitruble as a trademark.

According to TASS, the appeal has been satisfied. In case the right to release Bitruble is transferred to some other organization, the trademark will be inherited by the organization as well.

The news comes among the uncertainty related to cryptocurrency regulation in Russia. A heated discussion, which started following the announcement made by the Qiwi CEO, showed that Russian financial elite is still divided into those supportive of the idea and those who are strictly against.

While the head of the Russia's largest bank admitted having digital currency himself, the Ministry of Finance released a draft law under which the emission of cryptocurrency might be punished by up to 2 years in jail.


Maria Rudina