Russian court orders Sber to unblock account used for Bitcoin trading
According to the court, Sber had no reason to keep the account service blocked after the client provided detailed information about his Bitcoin trades. The state of cryptocurrency regulation in Russia has taken another twist as a local court has ordered the country’s largest bank to resume account support for a Bitcoin (BTC) trader.Sverdlovsk regional court, a court in Russia’s fourth-largest city of Yekaterinburg, has ordered Sber, formerly known as Sberbank, to unblock account services to a client involved in Bitcoin trading, according to an official announcement on Monday. The client’s....
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A court has ordered one of Russia’s largest banks to lift restrictions imposed on the accounts of a Russian citizen who was selling digital coins on cryptocurrency exchanges. The state-owned giant Sberbank will now have to unblock its client’s cards and restore his access to its online banking platform. Regional Court in Russia Rules in Favor of Crypto Trader Suing Sberbank The plaintiff identified as Pavel R., a resident of Revda in Sverdlovsk Oblast, had accounts and cards issued by Sberbank and was also offered remote banking services as per his contract. Between May and....
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State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry. Sber, Russia’s largest bank, is apparently struggling to obtain regulatory approval for its digital asset issuance platform as the company continues delaying registration plans.Sber CEO Herman Gref announced Tuesday that the bank now expects its digital asset issuance platform to have been registered with the Bank of Russia by the end of 2021, local news agency Prime reported.“We are in constant contact with the central bank, and we are discussing various issues. We really....