India: Se avecinan aguas turbulentas mientras los funcionarios confían en la prohibición de las criptomonedas

Cada vez que el precio de Bitcoin sube, los operadores se ilusionan y los reguladores tienden a inquietarse.

Del bitcoin por encima de los 60.000 dólares

Mientras el mercado celebraba el máximo histórico del bitcoin por encima de los 60.000 dólares, el mercado indio de criptomonedas se despertó con noticias alarmantes. Un alto funcionario del gobierno habría declarado que el país propondrá una ley estricta que prohíba el uso de criptomonedas incluso como un activo de tenencia.

Según los informes, el proyecto de ley, si se aprueba, puede ser una de las acciones más estrictas del mundo contra el cripto y no sólo criminalizaría la posesión, la emisión, la minería, el comercio y la transferencia de cripto, sino que también dejaría una gran mella en el mercado de cripto en Asia. La pandemia del COVID-19 ha empujado a la gente a buscar vías de pago alternativas y la India se encuentra entre los países que registran un aumento de la población de usuarios peer-to-peer.

La India ha seguido de cerca a China en términos de volumen de transferencias P2P y, según los datos proporcionados por Useful Tulips, la India registraba un volumen de 5,21 millones de dólares.

Este proyecto de ley se alinea con la narrativa anterior de una prohibición que se informó en enero de 2021 en la que el gobierno pidió la prohibición de las monedas virtuales privadas como Bitcoin Revolution y trabajar en una moneda digital oficial.

El proyecto de ley ofrecería a los titulares de criptomonedas

Sin embargo, el malestar causado por la noticia fue abordado por el ministro de Finanzas, quien declaró que adoptarían un enfoque „calibrado“ con respecto al comercio de criptomonedas. La ministra de Finanzas, Nirmala Sitharaman, añadió que estaban llevando a cabo „negociaciones y discusiones“ con el banco central de la India para regular las criptomonedas. Con este reciente acontecimiento, el país se ha visto empujado de nuevo a un charco de incertidumbre.

Según los informes, el proyecto de ley ofrecería a los titulares de criptomonedas seis meses para liquidar y se impondrían sanciones tras la liquidación. Los funcionarios tienen cierta confianza en que el proyecto se convierta en ley, ya que el gobierno del primer ministro Narendra Modi cuenta con una mayoría favorable en el parlamento.

Si el gobierno y las autoridades reguladoras siguen adelante con el plan de prohibición, India se convertirá en uno de los principales países asiáticos y una de las economías más destacadas en tomar una medida tan drástica.

Verzekeringsmarktplaats Tidal Finance haalt $ 1,8 miljoen extra op

Verzekeringsmarktplaats Tidal Finance haalt $ 1,8 miljoen extra Eth2-stakers op en validators kunnen binnenkort dekking kopen met behulp van Tidal’s snijdende verzekering voor proof-of-stake-protocollen.

Tidal Finance, een op Polkadot gebaseerd verzekeringsplatform, heeft vandaag een extra investeringsronde van $ 1,8 miljoen aangekondigd om zijn gedecentraliseerde verzekeringsmarkt in de komende maand te lanceren. Investeerders in deze overtekende strategische verhoging zijn onder meer Spartan Capital, Hypersphere Ventures, Kenetic Capital en QCP capital.

Tot op heden heeft Tidal Finance in totaal $ 3,8 miljoen opgehaald voor de ontwikkeling van protocollen en ecosystemen

“Er is veel vraag naar verzekeringsoplossingen omdat hoogwaardige slimme contracthacks steeds vaker voorkomen. Terwijl de totale waarde opgesloten in DeFi $ 40 miljard nadert, is minder dan 3% van de activa verzekerd vanwege de beperkte beschikbaarheid van verzekeringen. Tidal vult dit gat door risicobeheerstrategieën toe te passen die vergelijkbaar zijn met traditionele verzekeringsmaatschappijen om de kapitaalefficiëntie te verbeteren, ”aldus Chad Liu, CEO van Tidal.

In de afgelopen maand heeft Tidal meer dan 20 partnerschappen gevormd met andere projectteams om veiligheid te bieden aan hun gebruikers. Deze samenwerkingen zullen gebruikers van dergelijke projecten helpen toegang te krijgen tot verzekeringsdekking in ruil voor het verschaffen van liquiditeit in de kapitaalpool van Tidal. Enkele recente partnerschappen zijn onder meer HydraDX, Cere Network, Equilibrium, Reef Finance, StakeDAO, StaFi, bZx, enz.

Naast het goedkoper en betaalbaarder maken van DeFi-verzekering, lanceert Tidal ook verzekeringsproducten voor nooit eerder gedekte gebieden. Binnenkort kunnen validators en delegators van verschillende PoS-protocollen, waaronder Ethereum 2.0, een verzekering kopen tegen het verminderen van risico’s. “We nodigen protocollen en validators uit om hun gebruikers te verzekeren tegen schokkende gebeurtenissen. Binnenkort lanceren we een verscheidenheid aan incentiveprogramma’s voor early adopters, ”voegde Liu toe.

“Polkadot is het snelst groeiende ecosysteem voor DeFi. We zijn verheugd om het Tidal-verzekeringsplatform te gebruiken om Hypersphere’s liquidity mining en staking-activiteiten in onze portefeuille van Polkadot- en Kusama-projecten te dekken. “

– Jack Platts, managing partner bij Hypersphere Ventures

Tidal zal zijn utility-tokens onder gebruikers verdelen in het eerste kwartaal.

Over Tidal Finance

Tidal is een cross-chain gedecentraliseerd discretionair wederzijds dekkingsprotocol dat de DeFi-gemeenschap de mogelijkheid biedt om zich in te dekken tegen storingen van elk DeFi-protocol of activum. Door rechtstreeks gebruik te maken van de reserve om meerdere protocollen tegelijkertijd te dekken, trekt de maximalisatie van kapitaalefficiëntie LP’s aan, terwijl het aanbieden van een concurrerende verzekeringspremie kopers aantrekt.

Het kernteam van Tidal bestaat uit seriële ondernemers en blockchain-veteranen met een enorme ervaring en een bewezen staat van dienst op het gebied van cyberbeveiliging, code-auditing, financiën, cryptografie, blockchain en engineering. Tidal wordt ondersteund door Hypersphere Ventures, KR1, Spartan Capital, NGC Venture, QCP Capital, Kenetic Capital, Genesis Block en AU21 Capital.

Ethereum: price recovers as gas costs fall

Gas fees on Ethereum fell nearly 70% after going above $ 38 per transaction.

ETH price has rebounded above $ 1,500, gaining 11.5% in the past 24 hours.

Ethereum Improvement Proposal (EIP) 3298 aims to significantly reduce gas costs.

On February 28, gas charges on Ethereum fell back to $ 11.21. This is a significant drop considering that transaction fees recently skyrocketed, topping $ 38.21 on February 23.

Currently, an average Bitcoin Bank transaction costs around $ 10.80, according to Etherscan.io .

When it comes to the decentralized finance (DeFi) industry, a single token exchange on Uniswap , Ethereum’s main decentralized exchange (DEX), can cost anywhere from $ 217 to $ 286, depending on its priority:

What is Ethereum’s next direction?

The drastic rise in Ethereum’s (ETH) transaction fees occurred as the entire cryptocurrency market fell into the red on February 22. That day, the price of ETH fell below $ 1,700, falling more than 12%.

Since then, Ethereum has undergone a sharp correction, mimicking the trajectory of Bitcoin’s (BTC) price. The correlation between the two assets has been high over the past week.

Ethereum fell to $ 1,300 on February 28. For its part, during this red week, BTC saw its price drop to $ 43,000. This is a 25% drop for the week.

At the time of the layout of this article, ETH is trading at $ 1,530, down more than 21% from its all-time high. Bitcoin, for its part, is expected to move out of a declining range and move closer to $ 50,000 again.

Will the EIP-3298 strengthen the Ethereum network?

Ethereum network congestion remains a heavy burden for developers and traders alike. Following the gas-related issues, founder Vitalik Buterin released a new ETH improvement proposal on February 26 , dubbed EIP-3298. In this proposal, it is suggested to remove the gas refunds for the “SSTORE” and “SELFDESTRUCT” functions in the London update of Ethereum.

The first function allows gas to be stored under smart contracts. Through the second, Ethereum customers can cover the cost of a transaction with stored gas when prices are high. Users benefit from this through gas tokens like CHI and GST2, which arbitrate gas costs.

Some investors, like Nick Chong of ParaFi Capital, believe this new proposal could be a big factor in lowering gas costs:

CoinCorner integriert das Lightning Netzwerk

Diese Woche sah mehr Fortschritte auf dem Lightning Network Front als ein anderer Austausch eine erfolgreiche Integration angekündigt. Dieses Mal, es war die beliebte UK-basierten Austausch, CoinCorner, die den Umzug gemacht. Nachrichten über die Integration wurde mit Lob von der Krypto-Community aus vielen Gründen erfüllt. In erster Linie stellen die Entwicklungen eine Anerkennung dar, dass die Benutzer billigere und schnellere Alternativen auf dem Bitcoin-Markt wünschen.

Die Integration von CoinCorner senkt die Kosten für Einzahlungen und Abhebungen auf der Plattform erheblich. Benutzer genießen auch schnellere Transaktionszeiten mit diesem zweiten Schicht-Protokoll. Das Beste von allem ist, dass Lightning Network Einzahlungen und On-Chain Einzahlungen als das gleiche Guthaben angezeigt werden. Auf diese Weise hat CoinCorner den Nutzern zusätzliche Funktionen zur Verfügung gestellt, ohne die Kernprozesse für Trader zu komplizieren.

Bereit von Tag 1

Bei der Diskussion über die Integration sprach der CEO von CoinCorner, Danny Scott, über das langjährige Ziel seiner Firma, Unterstützung für die Off-Chain-Lösung hinzuzufügen. Er erklärte, dass der einzige Grund für jede Verzögerung bis zu diesem Punkt war, weil der Austausch wollte sein Netzwerk und technische Spezifikationen voll bis zu der Aufgabe. Beeindruckend ist, dass die Integration nur zwei Wochen dauerte.

Die Geschwindigkeit und der Erfolg der Integration kann teilweise auf die Vertrautheit von CoinCorner mit dem Lightning Network zurückgeführt werden. Im April 2020 integrierte das Unternehmen das Netzwerk in sein Zahlungsabwicklungssystem mit dem Namen CoinCorner Checkout. Insbesondere, Sie fügte Unterstützung für LN-Zahlungen, um seine Zahlung gateway. Außerdem haben der CEO und der leitende Techniker der Firma, Zakk Lakin, in den „letzten paar Jahren mit dem Netzwerk herumgebastelt.“

Pläne für die Zukunft

In Zukunft werden CoinCorner-Benutzer in der Lage sein, Lightning Network-Rechnungen direkt von ihrer GBP-Wallet zu senden und zu empfangen. Das System wird es den Nutzern ermöglichen, das Bitcoin-Netzwerk und das Lightning Network zu nutzen, um Fiat-Währung in Sekundenschnelle weltweit zu bewegen. Diese Funktionen würden CoinCorner in Konkurrenz zu anderen LN-betriebenen Wallets setzen, die Fiat-Transfers unterstützen, wie z.B. Visa-partnered Strike.

CoinCorner

Die in Großbritannien ansässige Krypto-Börse CoinCorner kam 2014 auf den Markt. Die Plattform ist auf der Isle of Man zu diesem Zeitpunkt basiert. Im Jahr 2016 wurde der Austausch ein „Designated Business Status“ in dem Land ausgezeichnet. Derzeit hat die Plattform über 150.000 registrierte Nutzer.

CoinCorner hat ein globales Publikum. Insbesondere ist das Unternehmen in 47 Ländern zu diesem Zeitpunkt in Betrieb. Allerdings stammt die überwiegende Mehrheit des Handelsvolumens von CoinCorner (40%) aus dem Vereinigten Königreich. CoinCorner Benutzer können kaufen und verkaufen Bitcoin in Sekunden über die Plattform. Der Austausch kommt auch in eine mobile app zum kostenlosen download auf beiden iOS und Android. Die App enthält alle Funktionen des Online-Austauschs.

CoinCorner – Vorstoß in die Innovation

CoinCorner ist sicher, einen Schub in der Handelsaktivität zu sehen, wie mehr Investoren lernen, sie können für weniger auf dem Austausch handeln. Die Integration des Lightning Network ist eine der besten Möglichkeiten, den Nutzern zusätzliche Einsparungen zu bieten. Außerdem macht es das Netzwerk reaktionsschneller. Vorwärts bewegen, CoinCorner hält jetzt eine wertvolle Position auf dem britischen Markt als einer der wenigen Börsen, die diese Vorteile bieten.

Bitcoins villprisaksjon vil være til fordel for PayPal og Square, selv om BTC faller, sier analytiker – her er hvorfor

Mizuho Securities-analytiker Dan Dolev sier at betalingsgigantene Square og PayPal er klare til å dra nytte av Bitcoins ville prisbevegelser, selv om den ledende kryptovalutaen faller av en klippe.

I et nytt CNBC-intervju forklarer Dolev at Squares inntekter tradisjonelt har økt selv når Bitcoin var i bearish territorium

“Vi gjorde litt arbeid. Vi så helt tilbake til 2017, og det vi fant ut er at inntektene fra Bitcoin for Square fortsetter å øke selv i perioder der Bitcoin faktisk ikke går opp. Så akkurat nå har vi hatt et rally, et massivt rally, siden desember eller til og med november. Så det er lett å tenke på at Bitcoin går til $ 100.000. Men historisk, selv i perioder der det gikk ned, har bruttofortjenesten fra Bitcoin gått opp.

Og årsaken til det er dobbelt. En, det er flere brukere som faktisk bruker eller handler Bitcoin i Cash-appen. Og to, antall transaksjoner per bruker øker. Så det vi har sagt i notatet er at selv om Bitcoin går opp til deg, vet du $ 100.000 eller forblir på $ 30.000 eller $ 10.000, vil Square fortsatt ha nytte av det. ”

Mizuho-analytikeren påpeker at brukere som holder Bitcoin i stedet for å handle, kan være dårlig for Square

“Det har å gjøre med engasjementet som går opp på grunn av Bitcoin-volatiliteten. Så da Bitcoin forblir veldig ustabilt, tror jeg faktisk det øker engasjementet. Så hvis Bitcoin bare holder seg til en bestemt pris og den ikke beveger seg, ville det ikke vært like bra for engasjement i appen, ikke bare Square, men stort sett alle andre som tilbyr Bitcoin-handel. ”

Dolev legger til at Bitcoin-volatilitet påvirker PayPal på samme måte. PayPal begynte i stor grad å tillate sine amerikanske brukere å kjøpe og selge Bitcoin i november 2020 mens Square rullet ut sin Bitcoin kjøps- og salgstjeneste i januar 2018.

“Vi ser nøyaktig de samme trendene på PayPal. Den eneste forskjellen mellom PayPal og Square er at PayPals tilbud nettopp startet i november. Det vi så i november er at nesten 20% av brukerbasen allerede har begynt å handle to uker utenfor porten. Så jeg kan forestille meg at dette tallet er mye større nå.

Jeg forventer at nøyaktig de samme trendene vil fungere for PayPal, med den eneste forskjellen er at Squares tilbud er mye mer bredt basert, noe som betyr at engasjementet i Cash App har mye mer betydning for andre produkter.

Bitcoin is less risky as the price rises, says Bill Miller

Bitcoin bull Bill Miller says the BTC becomes safer as its price increases.

Bitcoin will behave in a specific way because it is at the beginning of its adoption cycle.

Banks can buy, sell and hold BTC, but the big banks haven’t started yet.

The Trust Project is an international consortium of media Financial Peak organisations based on transparency standards.

Famous investor Bill Miller told CNBC that, unlike most stocks, Bitcoin’s higher price reduces risk.

In an interview for The Exchange on CNBC.com, the CEO and Chief Investment Officer of Miller Value Partners, explained the nature of Bitcoin’s risk profile.

How is this possible?
Miller, who is famous for his track record with S&P, highlighted a few factors to support his statement. In particular, he stated that Bitcoin was still at the beginning of its adoption cycle. In other words, there are even more people and institutions to start investing in the asset.

He noted that although banks are allowed by regulators to buy and hold BTCs, none of them are doing so. He said they refrain from doing so because they would be „worried“.

In addition, there is the issue of supply and demand. Institutional investors come into the market and make large-scale purchases. „As long as that happens,“ he said, Bitcoin is likely to increase.

Is cash a rat?
CNBC highlighted Miller’s latest newsletter to investors for unusual humour. Miller called Warren Buffet’s famous labelling of Bitcoin as „rat poison“. „Maybe he’s right,“ Miller replied. „Bitcoin could be rat poison, and the rat could be cash.“

Continuing the cycle of Bitcoin
Miller also reflected on the issue of „waiting for withdrawal“. In other words, with the course of the BTC moving into unfamiliar territory, would it make sense to wait for the cycle to end?

The problem with this thinking, he says, is that it has already reached its bottom. „You could have bought $4,000 worth of bitcoin in the first quarter [2020].

Also, people who are looking for the bottom tend to miss opportunities. They expect the price to continue to fall, even after it starts to rise. Then, when it actually rises, they wonder if they should buy. In essence, they drive the market out.

What’s next for the BTC?
Miller did not give a prediction for the price of Bitcoin in the interview. What he did repeatedly was to focus on the fact that Bitcoin is at the beginning of its adoption cycle.

Since Bitcoin is at this early stage, certain things can be expected. Miller highlighted the fact that BTC is moving by leaps and bounds. These jumps are followed by dives of up to 80%, he noted. Bitcoin has done this twice, he added. That said, he has also recovered; it’s natural for an asset at this point in its investment life.

What differences were there in 2020 between the price performance of gold and the price performance of bitcoin?

First, let’s say right away that the average volatility of gold historically has nothing to do with the sometimes exaggerated volatility of bitcoin.

For example, analyzing the last five years of the gold price trend in U.S. dollars, we find that there has been an overall increase in value of 77%, while for bitcoin it is an incredible +6,388%.

Therefore, a direct comparison between the growth percentages would not be particularly fair. Gold is valued for its stability, bitcoin for its volatility.

However, we can for example compare the relative performance of 2020 with that of previous years.

During 2020, gold appreciated by 24%. For the precious metal this is a significant performance, especially when compared with that of previous years.

Actually, in 2019 the appreciation was essentially the same, but the previous year the price fell by 4%. In 2017, on the other hand, the increase was 13%, and in 2016 it was 8%.

Therefore, the sequence of the last five years regarding the annual trend of the price of gold has been this: +8%, +13%, -4%, +24%, +24%.

This is a relatively steady trend, with the exclusion of 2018.

For bitcoin, on the other hand, things are very different.

This year the increase has been remarkable, amounting to 288%. That is, in a single year it has increased in value almost four times more than gold has in the last five years.

Last year it was 78%, but in 2018 it made a loss of 75%. In fact, by the end of 2017, the last major speculative bubble had formed and burst as of December 18 of that year.

However during 2017 the increase was an impressive 1,500%, while the previous year it was 131%.

Therefore, the sequence of the last five years regarding the annual performance of the price of bitcoin was as follows: +131%, +1,500%, -75%, +78%, +288%.

Bitcoin vs gold: annual performance comparison

Comparing this sequence with that of gold clearly shows how both are characterized by a single year of losses, 2018. But in fact this is the only analogy.

What stands out the most are bitcoin’s incredible performance in 2020, and especially in 2017, compared to the average of the other years.

Specifically while gold in 2020 grew as much as it did in 2019, bitcoin on the other hand did enormously better.

Sure, BTC in 2020 recovered the losses of 2018, returning to the levels of late 2017, but given the remarkable growth it had in 2017 the performance of 2020 can by no means be dismissed simply as a recovery of losses.

For gold, on the other hand, the path is just different, although the alternation of plus and minus signs has been the same.

After all, 2020 and 2019 went simply a bit better than 2017, and the losses in 2018 were definitely limited.

In other words, gold price 2020 was definitely good, but within the norm, while bitcoin’s was excellent, if not the best year ever.

Support for the Bitcoin course: companies have already bought for 30 billion

At least 1.15 million Bitcoin of the total of 21 million are currently in the hands of companies. The current soaring price is most likely due to the companies‘ interest.

The website Bitcointreasuries.org made an interesting list. The list shows companies that have invested part of their capital in Bitcoin (BTC).

Which companies invest in Bitcoin?

On the list, companies are divided into public companies, private companies, and ETF-like ventures. The major public companies include MicroStrategy Inc., Galaxy Digital Holdings and Square Inc. The biggest player in this area is MicroStrategy with 70,400 Bitcoin, which are now valued at over 1.9 billion USD.

Purely private companies also hold a lot of Bitcoin. For example, the former crypto exchange MTGOX KK from Japan still has more than 141,000 Bitcoin and thus tops this part of the list. This is followed by Block.one and „The Tezos Foundation“.

The giant among them all and leader of the ETF part is the Grayscale Bitcoin Trust, which manages more than 572,000 Bitcoin. Grayscale Investments offers cryptocurrency funds. This is followed by CoinShares / XBT providers with a remarkable 69,730 Bitcoin and Ruffer Investment Company with 45,000 coins.

How big is the Bitcoin share?

Even if the numbers may sound astronomical for private investors, all companies on the list “only” hold about 1.1 million of the total of 21 million minable Bitcoin . According to Bitcointreasuries.org that would be 5.48% of the total. Mathematically, according to the current exchange rate, this Bitcoin is worth over USD 31 billion.

Is the strategy working?

As things stand, the companies that have invested in Bitcoin have made huge profits. For example, the long-standing, extremely successful CEO Michael Saylor stated in an interview that he sees Bitcoin as protection against rampant inflation. In December, his company invested its reserves in Bitcoin at his instigation and paid a total of USD 450 million for it. Meanwhile, the purchased Bitcoin are worth a total of USD 800,442,000. The investment has more than paid off.

What are the Bitcoin prospects like?

In the last few days, a previously unknown bull market for Bitcoin has developed, which is also pulling the other Altcoins up with it (exception: Ripple XRP). When you consider that there are still a large number of much larger players in the market, such as hedge funds and pension funds, you can look more than hopefully into the Bitcoin future. As soon as these giants get on board, there should be no stopping them.

Bitcoin stijgt naar $ 25.000, omdat Coinbase aangeeft dat het publiek wil gaan. RT’s Boom Bust onderzoekt de bewegingen in cryptocurrency

Bitcoin bereikte zijn nieuwe recordhoogte en brak boven $ 24.000, terwijl ’s werelds nummer één cryptocurrency zijn rally voortzet in het weekend voor Kerstmis.

De cryptocurrency eindigde zaterdag op $ 24.122, voordat hij zich terugtrok tot ongeveer $ 23.978, een stijging van bijna 5,5 procent op een dag, volgens de CoinDesk-index

Door de sterke stijging is de stijging sinds het begin van het jaar 225 procent.

Ondertussen zei de prominente cryptocurrency-makelaardij Bitcoin Code dat het papierwerk had ingediend bij de Securities and Exchange Commission (SEC), waardoor de weg werd vrijgemaakt voor een eventuele beursintroductie (IPO).

Bitcoin zou $ 400.000 waard moeten zijn op basis van zijn schaarste – Guggenheim CIO

Maar aangezien de oorspronkelijke basis van cryptocurrency was om iedereen financiële vrijheid te bieden en te ontsnappen aan de traditionele beperkingen van de banksector, kan de beweging van Coinbase naar Wall Street een aantal dramatische veranderingen in de markt oproepen.

Christy Ai, op RT’s Boom Bust, onderzoekt of investeerders zullen uitbetalen na deze spil, weg van alles waar de industrie voor staat.

Moscow authorities will develop a system to create digital profiles of citizens for 280 million rubles

The Moscow Mayor’s Office ordered the development of a system aimed at creating a detailed digital profile of users of all city services. This is reported by Open Media with reference to materials on the government procurement website.

According to them, the authorities intend to create an „information system for monitoring and analysis of Internet activity“. The initial tender price is 280 million rubles.

The user profile should include data on arrears and fines, travel document and social security card. The system will compare data with information from public Wi-Fi access points and from operators, track „territorial bans“ and „medical violations“, and take into account data from social surveys.

In addition, the system aims to track „loyalty“. What is meant by this is not stated in the documentation.

All data must be impersonal and must not contain a name or place of birth, and the system „will not infringe on the secret of private life,“ said Eduard Lysenko, head of the Moscow IT Department.

However, experts are concerned about its possible use:

„This is a unified system for tracking Muscovites, centralising all data about us,“ said technical director of RosKomSvoboda Stanislav Shakirov.

He noted that such systems can indeed help officials plan the city’s infrastructure, but they „always lay down possible tracking mechanisms“:

„I am almost sure that the information in this system will be personalised down to every citizen, and most likely it will be possible to buy it at some point on the black market, as now you can buy information from CCTV cameras with automatic face recognition“.

Initially, the system was aimed at analysing user activity. With its help, the mayor’s office can already collect data to create a ‚portrait‘ of a person, including sex, age, income and the like. It can also find relationships between users.

We would like to remind you that the Moscow Traffic Organisation Centre intends to use a special system to monitor passenger traffic via smartphones.