Russian Central Bank To Unveil Digital Mortgage Solution Supported by Blockchain Technology

2020-5-29 17:35

The Bank of Russia is working on a digitized mortgage solution supported by domestic Enterprise Blockchain Masterchain. The government seems to have embraced Blockchain Technology but is still hostile towards cryptocurrencies as they recently placed a ban on crypto activities in the country.

Reports have now emerged that the Russian Central Bank is well on course in developing an online Mortgage solution that is supported by blockchain technology. They are leveraging domestically produced Masterchain Blockchain.

In a May 28th online meeting, the First Deputy Chairperson of the Central Bank, Olga Skorobogatova revealed that the Central Bank was in the late stages of releasing a digitized mortgage solution on domestic Blockchain Tech. They had already conveyed copies to the Federal Registration Service and government pending approval. She reported that at least 9 banks and a depository had already onboarded the project on the Enterprise Blockchain Masterchain.

“…what we now they gave the proposal directly to the government and Rosreestr – this is to finalize the process so that the full cycle of digital mortgage operations is implemented on the Masterchain”

Notably, Masterchain launched in 2017 by Fintech Association affiliated with, boasts of being the first to receive accreditation from the financial watchdogs, Federal Security Service (FSB).

The Russian ministry in charge of the Economy has lodged a bill that will look to create a special framework under which Blockchain will be regulated. The bill, if it goes through the State Duma, will seek to enable testing of Blockchain in a special regulatory sandbox. The Blockchain projects would be aligned to 8 sectors: financial markets, government services, trade, healthcare, distance learning, transport, manufacturing to construction

Russia support for “blockchain not crypto”

The Russian government however has a very different stance with regard to crypto. They have recently imposed a crypto ban following an agreement between the Russian Central Bank and the FSB.

Just last week, Russian officials’, members of the State Duma (Russian Legislature) proposed fines amounting to 2 million Rubles ($28340 as per this writing) and up to 7 years’ imprisonment term for illegal issuance of cryptocurrencies and digital assets.

If the bill sails through it could be set to outlaw: crypto mining, crypto exchanges, trading, and extending to even fiat to crypto on-ramps. This will now see crypto firms move to other neighboring crypto-friendly jurisdictions.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0843736 (-100%)

blockchain supported central technology russian solution bank

blockchain supported → Результатов: 126


Real estate investment platform Realio (RST) to launch token on Algorand

Realio, a blockchain-based issuance and peer-to-peer trading platform focused on real estate private equity, today announced a partnership with Algorand, a proof-of-stake blockchain protocol. RST tokens will be made available for purchase as an Algorand Standard Asset (ASA); designed for interoperability with other supported blockchains and platform features such as RealioX.

2020-3-7 17:48


Фото:

Klarna and Sofort Becoming Names to Know in Cryptocurrency Circles

The primary aim of Bitcoin when it was first created was to replace all fiat currencies with the peer-to-peer payment system supported by its blockchain. Since the release of the original cryptocurrency, the original use of the digital coins has become somewhat muddled amidst the interest in the ocean of cryptocurrencies as investment opportunities.

2019-12-10 19:06


Automated crypto to fiat platform XanPool expands Asia presence

Peer-to-peer crypto to fiat platform XanPool, announced its latest expansion push into Asia this week, with expanded country support for service in India, Malaysia, Indonesia, and Vietnam. Supported by NGC Ventures, a leading blockchain investment firm, XanPool is an omnichannel solution that enables both institutional and retail users to on and off-board in and out […] CryptoNinjas: Automated crypto to fiat platform XanPool expands Asia presence

2019-11-26 18:22


The iGaming industry meets blockchain business on February 6th 2020 during its annual VIP networking party

+300 C-Level executives gather every year during ICE London, on a invitation only party organized by CoinPoint Group Inc and supported by innovative companies and top media. In celebration of the 1The post The iGaming industry meets blockchain business on February 6th 2020 during its annual VIP networking party appeared first on AMBCrypto.

2019-11-22 07:30


Фото:

Binance Offers Chinese Bitcoin Traders a Lifeline with P2P Trading

Binance, the world’s largest crypto exchange by 24-hour trading volume has announced the launch of its peer-to-peer (P2P) crypto trading service for Chinese residents. Users will now be able to trade a few supported cryptocurrencies including bitcoin (BTC), ether (ETH) and Tether (USDT) against the Chinese yuan, according to a blog post from the exchange,Read MoreRead More.

2019-10-9 15:48


Фото:

Tether создала обеспеченный юанем стейблкоин

Команда Tether представила стейблкоин, курс которого привязан к офшорному юаню. Новая криптовалюты получила тикер CNHT. Информация об этом была представлена на официальной странице Tether. Offshore Chinese yuan (CNH) added to our basket of supported currencies, new stablecoin CNHt now available! CNHt is pegged to CNH and is available on the Ethereum blockchain as an ERC-20 […] Запись Tether создала обеспеченный юанем стейблкоин впервые появилась Bloomchain.

2019-9-11 09:53


Фото:

Tether создала обеспеченный офшорным юанем стейблкоин

Команда Tether представила стейблкоин, курс которого привязан к офшорному юаню. Новая криптовалюты получила тикер CNHT. Информация об этом была представлена на официальной странице Tether. Offshore Chinese yuan (CNH) added to our basket of supported currencies, new stablecoin CNHt now available! CNHt is pegged to CNH and is available on the Ethereum blockchain as an ERC-20 […] Запись Tether создала обеспеченный офшорным юанем стейблкоин впервые появилась Bloomchain.

2019-9-10 09:53


Tether выпустила стейблкоин на базе китайского юаня

Компания Tether выпустила стейблкоин, привязанный к офшорному китайскому юаню (CNH). Offshore Chinese yuan (CNH) added to our basket of supported currencies, new stablecoin CNHt now available! CNHt is pegged to CNH and is available on the Ethereum blockchain as an ERC-20 token.

2019-9-10 19:40