The Central Bank wants to allow Russian banks performs operations on the blockchain
Source:
Central Bank of Russia has prepared the amendments to the provision "About rules of implementation of money transfer", according to which Russian banks will be able to use the blockchain and make transactions based on smart contracts. Write about it .
theand the Legalization of the blockchain in Russia
Transactions will be conducted through the system "Mastercam" — TSB develops its for the banks since the beginning of the year and plans to launch in the fourth quarter of 2018. The representative of the Governor, the document noted that the implementation of a distributed registry will allow banks to reduce the cost of transaction processing by 20 percent and in addition accelerated.
Director of the Association "FINTECH" Tatiana Zharkova in conversation with the newspaper said that the introduction of technology will provide a new wave of interest in banking services.
the Decision will increase the market interest in this kind of banking transactions. In Russia, 80 per cent of primary applications for a letter of credit transaction has been denied because of incorrect paperwork.
it is hoped that the government and the state Duma will accept the amendment — and then to legalize cryptocurrencies in Russia close.
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