Month: January 2018

Russia planning national biometric database for banking next year, expanding worldwide trend

Russia is to start a biometric database for financial services starting next summer, the Central Bank of Russia said in a statement. The system, although not mandatory, will extend access to banking by letting customers open accounts without having to visit a banking branch. This is all in an effort to “digitize” financial services. The regulator noted that data would only be stored with a person’s consent. However, what the biometric database will include is worrying to say the least. The biometric database will incorporate images of faces, voice samples and, eventually, irises and fingerprints. With constant hacks against corporations...

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UK could introduce national cryptocurrency in 2018

The Bank of England reportedly established a special research unit to study cryptocurrencies and could introduct the national cryptocurrency next year. MOSCOW (Sputnik) — The Bank of England could give an approval on introduction of the national cryptocurrency already in 2018, local media reported. The Telegraph newspa

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