The Bitcoin Foundation has established a foothold in Russia in the form of a national cryptocurrency development fund under the name of the Crypto Currencies Foundation Russia (CCFR). According to the founder, Igor Chepkasov, the fund will serve as the first step in the development of a fully-fledged BTC Foundation in the Russian Federation.
The Mission
The foundation will promote the usage of various forms of virtual currencies and bring together the Russian virtual currency community with the aim of promoting the interests of its members on the Russian market as well as abroad.
Their mission statement on their official website reads:
“Our mission in Russia to promote the use of Bitcoin and other cryptocurrencies and represent the interests of the Russian Bitcoin and other cryptocurrencies community. Our primary purpose is to support our members in their efforts and to promote Bitcoin and other cryptocurrencies use. On a wider level we provide support in government policy making, business and technical expertise.”