The Russian bank declared that, with great involvement from Region Brokerage Company and Russia’s National Settlement Depository (NSD), it had completed the “globe’s first” three-way over-the-counter (OTC) repo by employing a smart contract. In this agreement, the securities are sold off to an individual, with the trader accepting to rebuy them at a certain pre-put future price and date. These are actually short term loans.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/russia-sberbank-uses-blockchain/
The news is interesting, although it does not concern cryptocurrency directly. There is no doubt that virtually all states will use the blockchain technology, even if they prohibit the circulation of cryptocurrency on their territory. This can be seen from the example of China, whose government issues the largest number of patents for the introduction of this technology. About six billion dollars have already been invested in blockchain technology in this country.
Therefore, even if Russia adopts laws that do not meet our expectations, the blockchain technology will be implemented in all spheres of life, since it has a number of undeniable advantages.
