DGC Blog » Electronic Money Association (AED) http://www.dgcmagazine.com/blog Gold is the only asset class that is not someone else's liability Thu, 02 Sep 2010 21:13:50 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 CNN Money Finally Talking Up Russian E-currency http://www.dgcmagazine.com/blog/index.php/2009/10/27/cnn-money-finally-talking-up-russian-e-currency/ http://www.dgcmagazine.com/blog/index.php/2009/10/27/cnn-money-finally-talking-up-russian-e-currency/#comments Tue, 27 Oct 2009 18:51:33 +0000 Mark http://www.dgcmagazine.com/blog/?p=2737 CNN Money is carrying an article on the Russian e-money system and the coming changes. This is a very good article.

Crashing Russia’s all-cash culture

Electronic money purveyors make it easy for Russian consumers to make micropayments. Now they’re seeking legitimacy.

By Julia Ioffe, contributor

“In fact, e-commerce is barely described in the Russian legal system, partially because of the natural lag time before law catches up to fast-moving technology, partially because there is no consensus here on how to regulate this industry”

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