Personnel policy important for development of blockchain technology in Azerbaijan

Baku, Azerbaijan, June 27

By Huseyn Veliyev - Trend:

The issue of cryptocurrencies and blockchain technology is very important, and its regulation requires the intervention of a number of state institutions, a source in the government told Trend.

The source told Trend that the role of not only sectoral ministries, but also the Central Bank and the Financial Market Supervisory Authority of Azerbaijan is important in this matter.

"The blockchain is a high technology. Today, a lot of attention is paid to this issue and these processes, first of all, take place around the High-Tech Park. We want to attract our specialists. Blockchain technology is quite new. The personnel policy is very important, because if we introduce these technologies, we must think about the wish that Azerbaijan could implement projects independently in the future. Because if we start a project and at the same time get dependent on foreign experts, the full independence will be out of the question," the source said.

The source said the Hi-Tech Park pays a lot of attention to this process, attracts young people to engage in projects related to blockchain, and conducts various kinds of events periodically.

"Today, a community of experts who are interested in blockchain is being formed. From an economic point of view, we have a lot of young companies, startups that are trying to build their activities around the blockchain. However, first of all they are guided by cryptocurrencies. Perhaps it is fashionable today, however, it is necessary to be more careful with cryptocurrencies. As for the legal regulation of this industry, the state can be the initiator of adoption of a number of documents. Again, if the issue concerns cryptocurrencies, this issue is very serious, and it requires joint discussion and analysis by various government institutions. Only a common opinion on this issue can form a vision. Because here we are talking not only about the financial viability of the project, but also about security, which is a priority side of this issue," the source said.

---

Follow the author on Twitter: @h_veliyev

Iran says ready to return to Jan 20, 2017
Iran says ready to return to Jan 20, 2017
Iran`s Zarif to visit Moscow and Baku despite postponement
Iran`s Zarif to visit Moscow and Baku despite postponement
Iran does not allow weapons transportation - MFA
Iran does not allow weapons transportation - MFA
Loading Bars
Latest
Kazakhstan's KazMunayGas forecasts annual oil output decrease
More migrants relocated from Malta to EU countries
U.S. grants ByteDance new seven-day extension of TikTok sale order
82 bandits killed in Nigerian airstrikes
China, Kyrgyzstan to boost pragmatic cooperation
AzerGold CJSC talks plans for extraction of precious metals
Kazakhstan’s Almaty Power Stations JSC opens tender to buy compressors
Volume of funds allocated to fixed capital increases in Azerbaijan’s Nakhchivan
Retail trade turnover of Azerbaijan’s Nakhchivan Autonomous Republic drops
Azerbaijani MoD unveils footage depicting advancement of Azerbaijani armyuits to liberated Kalbajar region (VIDEO/PHOTO)
Resolution of France's Senate nothing more than piece of paper for Azerbaijan - top official
Resolution adopted by France's Senate has no legal force - MFA
IKEA investment arm in talks to buy city-centre retail property in big European cities
Kazinform and IRNA news agencies hold joint online conference
Iran to compensate for Ukraine plane crash according to int'l norms
Oil tanker hit by blast at Saudi terminal, Saudi Arabia confirms
National Bank of Georgia sells funds at foreign exchange auction to stabilize lari
First Turkish Trade House to open in Azerbaijan
Azerbaijani president signs law renaming Tsakuri village in Khojavend district
Azerbaijani president signs law renaming Gushchubaba village of Khojaly district into Baharli village
Azerbaijan to monitor fields in Kalbajar - Head of National Geological Exploration Service (Exclusive)
EU allocates macro-financial assistance to Georgia to tackle COVID-19
Turkmen FM gives speech at 13th Central Asia-Korea Cooperation Forum
Turkmenistan advocates cooperation in resolving regional and global environmental problems
Azerbaijan confirms 1,229 more COVID-19 recoveries
Iranian Energy Exchange announces products to be on sale November 28
Austria provides Uzbekistan with railway equipment
U.S. weekly jobless claims increase again
Produce in Georgia agency selects business ideas for micro and small entrepreneurship grant program
Kazakhstan eyes to fully put up produced LPG on electronic trading platforms in 2021
Uzbekistan’s food production to grow by end of 2020
Fergana region becomes main textile producer in Uzbekistan
More countries allow import of Uzbek-grown products
Volume of lending in Azerbaijan’s Nakhchivan in annual circulation greatly increases
Lari depreciation among possible reasons for fuel price increase in Georgia
Azerbaijan prepares projects to restore road infrastructure in liberated territories
Production of Iran’s Sefid Dasht Steel Company increases
Kazakhstan's Kuryk port boosts cargo handling, launches direct link to Iran
Turkmenistan has sufficient reserves to mitigate effects of pandemic - IMF
Volume of cargo transportation of Azerbaijan’s Nakhchivan Autonomous Republic drops
Kazakhstan to localize production of German agricultural machinery's popular models
Iran’s Bahar Azadi gold coin price continues to fall
Georgian-produced ski equipment to be exported to Europe
Kazakhstan decreases exports to Italy year-on-year
Volume of goods released from Iran’s customs checkpoints announced
Turkmengas opens tender for purchase of instrumentation
Investments in Iran’s Kerman Province increase
Azerbaijani refugees from Kalbajar visit Martyrs Alley (PHOTO)
FM talks on possible Azerbaijan-Armenia peace treaty to French Le Point
Azerbaijan shows new footage of Azerbaijani army units entering Kalbajar (PHOTO/VIDEO)
Armenia must answer for war crimes - Azerbaijani FM
Iran’s South Pars Gas Company opens tender to buy equipment
Uzbekistan eyes to maintain macroeconomic stability in 2021
Volume of loans issued by commercial banks down in Georgia
Cable TV operators ready for full deployment in liberated Azerbaijani territories
Activities of private sector in Iran can put end to economic problems - analyst
Georgia increases export of precious metal ores and concentrates
During Karabakh hostilities, Turkey responded to political pressure exerted on Azerbaijan - ambassador
Oil shrugs off U.S. inventory gain helped by vaccine hopes
Total volume of non-bank deposits in Georgian banking sector down
Return of Kalbajar region to Azerbaijan has not only important political but also economic significance - Georgian expert
Number of bank accounts registered in Nakhchivan over 10M2020 unveiled
Azerbaijan's gold company reveals profits
Two facilities in Iran’s oil sector to be put into operation
Baku residents hold rally celebrating Kalbajar's liberation (PHOTOS)
Georgia reveals data on persimmons and caraway seeds exports
Turkmenistan’s growth model relies on large-scale public investments - IMF
Four dead as migrant boat capsizes off Canary Islands, more missing
Kazakhstan’s joining UPOV could help improve lives, provide for economic dev't
SOCAR reveals volume of transshipment through Kulevi terminal
First VP Mehriban Aliyeva congratulates Azerbaijani people on liberation of Kalbajar (PHOTO)
Cargo handling at Kazakhstan's Aktau seaport decreases over 10M2020
Foreign trade turnover of Azerbaijan’s Nakhchivan Autonomous Republic increases
Iran reveals its COVID-19 data for November 25
Life insurance in Azerbaijan occupies about half of all insurance fees - association
SOCAR and LUKOIL eye expanding co-op
Baku Stock Exchange hosts auction for CBA's short-term notes
Concerns of some OSCE MG co-chairing countries don't matter - Erdogan
Kazakhstan boosts passenger cars manufacturing within 10M2020
Turkmen IT company to create first online platform of Union of Industrialists, Entrepreneurs
Azerbaijan to export medical masks to Russia and Germany
UNESCO to take part in protection of cultural, religious heritage in Karabakh
Iran says ready to return to Jan 20, 2017
Iran talks banking obstacles
Azerbaijan disclose data on investments in local renewable energy projects
Iran prevented release of German home appliances from customs
Kazakhstan’s oil producing company opens tender to buy spare equipment parts
Turkmen company provides domestic market with products made of polyethylene
Production of agricultural products increases in Azerbaijan’s Nakhchivan Autonomous Republic
Azerbaijani soldiers created conditions for Armenian population to leave village in Aghdam - president
Iran reveals data on new enterprises in free trade zones
Pashinyan, where did you sign the act of capitulation? - President Aliyev
When Pashinyan put forward seven conditions to us, I said: I have only one condition: get out of our land - President Aliyev
Azerbaijan's Nakhchivan reveals data on GDP
Amount of loans issued for agricultural machinery in Iran spikes
Those who want to accuse us of something should first of all look in mirror - President Aliyev
When we drove enemy out of Shusha, it destroyed water line feeding city - President Aliyev
Global LNG prices expected to strengthen in 2021
Armenians had made maps of “Nagorno-Karabakh Republic”, where are those maps? - President Aliyev
Kazakhstan's 10M2020 import of Turkish leather products declines
All news