Russian Treasurers Association Joins Masterchain Banking Pilot
The Russian Association of Corporate Treasurers is joining the nation's central bank in trialing the government-run Masterchain blockchain platform.
The new bill would allow the creation of “experimental regulatory regimes” for companies working on cutting-edge technologies like AI and distributed ledgers.
The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia.
Russia's is eyeing use cases for blockchain even as proposed legislation will clamp down on crypto.
The Bank of Russia has successfully concluded an experiment in conducting ICOs, though questions remain as to their legality in the nation.
Two of Russia's largest banks are planning to launch a cryptocurrency portfolio product for their private banking clients, Kommersant reported.