Russia’s central bank may soon support the launch of digital mortgages on the Masterchain blockchain platform
The Bank of Russia intends to implement a full cycle of digital mortgage transactions based on the Masterchain blockchain platform. It was stated by Olga Skorobogatova, the first deputy chairman of the central bank.
She noted that Masterchain is already working with electronic mortgages on the blockage and the next step is the launch of a digital mortgage.
The Central Bank has already sent a corresponding proposal to Rosreestr and the government, Skorobogatova said.
We would like to remind you that in October of last year, the Masterchain blockchain platform, developed by the FinTech Association, received a certificate from the Federal Security Service that it uses Russian cryptography standards and meets information security requirements.
In May, Gazprom Neft confirmed compliance of the platform with the requirements for working with digital bank guarantees.
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Technical analysis of Ethereum (ETH):
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Technical analysis of Ripple (XRP):
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