With cryptocurrencies making strides all around the world, wont it be wonderful if we could raise a toast to the same in a digital token infused manner? Well, a Russian entrepreneur is all set to grant this wish of ours with a cryptocurrency themed vodka. Dmitry Troitsky, belonging to the Russian city of Ekaterinburg nestled in the Ural mountain range has applied for trademarks for using the names of major cryptocurrencies such as Ethereum, Ethereum Classic and Bitcoin as vodka brands. Troitsky recently told the Russian website Life.ru,:
“I want to use the names of cryptocurrency when issuing goods in the 33rd class of the international classification of goods and services (alcoholic beverages, except beer), these three names are the most top-notch.”
However Troitsky was unable to provide any more details of his cryptocurrency themend drink much to the disappointment of cryptocurrency and alcohol fans worldwide. He pointed out that: “I cannot say yet how it will look and when it will be released. But I’m sure that it [the vodka] can be useful.”
Wouldn’t it be marvellous to engage in cryptocurrency mining with a big mug of cryptovodka in one hand? Whether sipping the same would help us get over the upheavals of the digital currency market is a matter of great contradictions. Whatever be the case, it would be rather amusing to follow the Russian government’s stand on the same. Russia had provided a mixed response to all cryptocurrency related things in the past. While the Central bank of Russia was calling a nation wide ban on cryptocurrency exchanges, Russia Presdient Vladmir Putin was favouring Cryptocurrencies.
“We need – based on international experience – to build a regulatory environment that will make it possible to codify relations in this sphere, reliably protect the interests of citizens, businesses, and the state and provide legal guarantees for using innovative financial instruments. It is important not to create unnecessary barriers, of course, but rather to provide essential conditions for advancing and upgrading the national financial system.”
Russia is also planning to launch it’s own crptocurrency called “CyptoRuble”
Some bitcoin sites were banned in early 2015 with simultaneous ban uplifting towards the year end. The Russian Finance ministry also sent shockwaves throughout the crypto world by banning all Bitcoin transactions in June 2016. But this could not stop the springing up of the first Russian physical Bitcoin exchange in Moscow in August 2016 irrespective of much fiasco regarding Bitcoin’s legal status in the country.
Whether or not cryptovodka receives similar adulteration is something which only time can reveal. The Russian saga concludes with a statement made by a hard to argue with patent lawyer who points out that, “The names of cryptocurrencies can cause people to have pleasant associations with respect to certain goods.” But one question surely remains unanswered amidst all these happenings: If Troitsky decides to bring upon a hard fork on his vodka range in future, shall we receive a free “Cryptovodka Gold” bottle for every other bottle of crypto-vodka owned? Well, we hope we do!
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