Russia’s central bank may soon support the launch of digital mortgages on the Masterchain blockchain network, RIA news agency reported yesterday.
“In principle, electronic mortgages on a distributed registry are the basis for further launching a digital mortgage. The proposal was given directly to the government and Rosreestr — this is to finalize the process so that the full cycle of digital mortgage operations can be implemented on the Masterchain,” said Olga Skorobogatova, Deputy Chairman of the Bank of Russia in an online meeting .
The Federal Service for State Registration (Rosreestr)maintains real estate registries in the country.
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