The Union Cabinet of India, chaired by Prime Minister Modi, has given its approval for a Memorandum of Understanding (MoU) on collaborative blockchain research between the BRICS’ (Brazil, Russia, India, China, South Africa) participating member banks.
These banks include the Export-Import Bank of India (Exim Bank), Banco Nacional de DesenvolvimentoEconomico e Social (BNDES, of Brazil), China Development Bank (CDB), State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank, of Russia) and Development Bank of Southern Africa (DBSA).
The MoU aims to increase the understanding of blockchain/DLT and identify areas where its use could be most effective.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
