Russian Govt Regulator Launches Blockchain Project with Sberbank
Russia’s Sberbank and the Federal Antimonopoly Service (FAS) have announced a pilot project to enable document exchange on the blockchain, one of the key technologies behind Bitcoin. ‘Digital Ecosystem’ Project Taps Blockchain Tech. The “Digital Ecosystem” project aims to study distributed document storage. This can potentially make the process much....
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The Linux Foundation-run Hyperledger Project will see a new member join the ranks, in Russia’s largest bank (by assets) Sberbank. The Hyperledger Project will now include Russian bank Sberbank among its roster of members and participants, revealed a report by regional industry publication Bankir.Ru. Sberbank first deputy chairman Lev Khasis and Hyperledger CEO Brian Behlendorf signed an agreement that sees the Russian bank’s inclusion, during the ongoing annual banking and financial conference, Sibos. In statements (roughly translated), Khasis stated: Joining the project generates new....
Sberbank, Russia’s largest bank by assets and the Federal Antimonopoly Service of the Russian Federation (FAS Russia) have launched a blockchain pilot for the encrypted exchange of documents. The blockchain binge doesn’t quit, especially in Russia. Just a week after the Russian central bank and prominent banks like Sberbank announced the successful testing of a blockchain prototype among major banks in the country, Sberbank has revealed yet another blockchain endeavor. This time, the bank has partnered with FAS Russia, to pilot a blockchain project called the “Digital Ecosystem”, according....
With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act. With a new law coming into effect in Russian, the country's largest bank is planning a new blockchain platform for trading, as well as a native token.According to a Monday report from Russian business news outlet RBC, Sberbank is planning to jump into crypto come 2021 when a new law "On Digital Financial Assets," or DFA, is set to come into effect. The news came from Herman Gref, the CEO and chairman of Sberbank. With over 96 million clients, the state-owned bank is the....