Bank of Russia’s FinTech Association to Introduce Blockchain Technology

[kreslik.news]

The Russian central bank has decided to found a new FinTech Association that will further promote the development of blockchain technology in the country. This comes after major commercial Russian banks announcing their intention to join a local Blockchain Consortium last July.

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Members of the new group include Alfa Bank, Sberbank, VTB, the National System of Payment Cards (NSPK) and Russian payment services provider Qiwi – which is already part of the international R3 blockchain consortium.

“The Association’s key objectives will include the development and introduction of new ... (read more)