CEO of Russian Sberbank 'Endorses Virtual Currencies'
The head of Russia's largest bank is said to have praised virtual currencies, suggesting that the bank may even enter the market if demand continues. Online reports suggest that Sberbank CEO Herman Gref was bullish on virtual currencies during a discussion with journalists in Moscow this week. If there is demand for a virtual currency, the bank could move in that direction, he said. Gref is also said to have singled out Yandex Money as a first step in the direction of a virtual currency. While not itself classified as money, Yandex is an Internet payment system popular in Russia, and is....
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