Alexander Babakov is a Russian entrepreneur and politician best known for his work in the cryptocurrency industry. He has been involved with cryptocurrencies since 2011, when he founded one of Russia’s first bitcoin exchanges. Since then, he has become an outspoken advocate of blockchain technology, writing articles on its potential applications in finance and beyond.
Babakov also serves as the chairman of FinTech Association (FTA), a non-profit organization devoted to promoting financial innovation through public advocacy and education programs. Through FTA, Babakov works to create more efficient markets by exploring new ways of using distributed ledger technologies such as blockchain and smart contracts. He often speaks at international conferences about these topics in order to spread awareness about their benefits within business environments around the world.
In 2017, he was elected deputy speaker of Russia’s State Duma – making him one of only two national legislators globally who were actively engaged in cryptocurrency projects prior to taking office – where he introduced several bills related to digital currency regulations including laws that would recognize virtual assets like Bitcoin as legal property under Russian law.* In 2019 Alexander became Deputy Chairman Of The Committee On Financial Market Development* – which oversees all aspects associated with regulating cryptocurrencies & other forms digital asset trading/investments within Russia*.
Additionally, Mr Babakov is Co-founder & CEO at Crypto Bazar*, – one largest venture funds focused exclusively on investments into Blockchain startups across CIS countries*. Under his leadership Crypto Bazar launched multiple successful initiatives aimed at boosting local crypto market development such developing regulatory framework for ICO projects or launching educational program focused helping youth gain knowledge skills required succeed modern economy based heavily use Smart Contracts decentralized networks*.
