Crypto at a glance BRICS Banks' Consortium Will Research Blockchain Implementation

BRICS Banks’ Consortium Will Research Blockchain Implementation

Crypto at a glance BRICS Banks’ Consortium Will Research Blockchain Implementation   Crypto at a glance BRICS Banks State Corporation Vnesheconombank, Banco Nacional de Desenvolvimento Econômico e Social-BNDES, Export-Import Bank of India (Exim Bank), China Development Bank (CDB), and Development Bank of Southern Africa Limited (DBSA) signed the agreement on collaborative research on distributed ledger and blockchain technology […]

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As a feature of the Russian national bank's 'administrative sandbox,' Sberbank and Alfa-Bank selected to start trying different things with items in view of supposed "advanced money related resources" at a gathering last Wednesday, as per the production. Those benefits will in truth appear as six digital forms of money – including Bitcoin, Bitcoin Cash, Ethereum and Litecoin – which will shape a venture portfolio. The move comes as Russia plans to sanction restricting laws administering cryptographic forms of money and blockchain innovation, which will see crypto turn out to be formally characterized, legitimized venture resources under Russian law. Russia's moderate and on occasion eccentric authority position on digital currency has driven banks to stay hawkish on combination of related innovations past blockchain experimentation until this year. In late January, Sberbank reported that it was opening a crypto trade alternative for institutional financial specialists through its Swiss branch.

Russia’s Largest Two Banks To Test Crypto Products In Regulatory Sandbox

Russia’s Largest Two Banks To Test Crypto Products In Regulatory Sandbox   Russia’s Largest Two Banks, Sberbank and Alfa Bank, are planning to test several private banking products based on cryptocurrencies in a regulatory sandbox environment hosted by the Russian central bank, the Kommersant newspaper reported. The decision to test cryptocurrency-enabled products were made during […]

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Banks' Blockchain Budget Increased 67% Last Year

Banks’ Blockchain Budget Increased 67% Last Year

Banks’ Blockchain Budget Increased 67% Last Year   The global financial services industry spent $1.7 billion to develop blockchain technology solutions last year, as banks and other firms move beyond the proof-of-concept stage and start rolling out commercial distributed ledger technology products, according to a new report. The report by U.S.-based market intelligence firm Greenwich […]

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