Russia Presents First Digital Asset

Russia’s dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with a three-month maturity.

The Bank of Russia has long voiced suspicion over cryptocurrencies, but is more unrestricted to other digital aids and gave blockchain platform Atomyze Russia the first licence to exchange digital assets.Sberbank, which received its licence in March, said in a report that digital assets are published on its platform using blockchain technology and smart contracts.

Related posts

EdTech has the prospect to alter schooling

India Business Story

Crypto in India

India Business Story

How to get over anxiety? It’s simple to follow the 4Ps

India Business Story