Russia’s Largest Bank To Provide Liquidity For Regulated Crypto Platforms
Russia’s largest bank, Sberbank, is reportedly becoming one of the official market makers for the upcoming regulated crypto platforms following the country’s regulatory developments within its digital asset landscape. The bank reportedly expects the emergence of a “new world” of instruments for investing in digital assets. Related Reading: Coinbase Faces New Lawsuit Over Stock Drop […]
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A cafe located in Russia’s largest state-owned bank Sberbank, which has demonstrated an increasing interest in the development of Blockchain networks and cryptocurrencies, is officially accepting Bitcoin payments in Sberbank headquarters in Moscow, despite the confusion about the legality of the digital currency. After Roskomnadzor, the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications of Russia, banned P2P Bitcoin trading platform Localbitcoins, the legality of Bitcoin in Russia became unclear once again. Due to the unestablished....
The quotes are certain to raise eyebrows among bankers, everywhere. The Vice President of Sberbank, Russia’s biggest bank by assets and the third largest bank in Europe (2014 figures) has opined that the advent and spread of blockchain technology will see banks disappear by 2026. Speaking at Metro Expo 2016, an industry conference, Sberbank’s vice president Andrey Sharov shared his thoughts about the future of the banking industry. With quotes reported by Russian news agency , Sharov predicts that the rise of blockchain technology will lead to the demise of the current banking industry as....
Russia needs to move to Bitcoin to provide a “real financial instrument enabling independence in foreign trade settlements,” Deripaska argued. Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country.Deripaska took to his official Telegram channel on Thursday to blast the Russian central bank for pressuring the crypto industry to avoid getting involved into cryptocurrencies like Bitcoin (BTC).The Russian oligarch pointed out that even small countries like El Salvador have moved into Bitcoin by....
While Russian authorities and officials have frequently poured scorn on bitcoin and digital currencies, going as far as to craft laws aimed at criminally prosecuting adopters and miners, the head of Russia’s largest bank has revealed that he has owned and exchanged bitcoins for fiat currency. Herman Gref, CEO and chairman of the executive board of Sberbank, Russia’s largest bank by assets has, in a public talk, spoken to the benefits of virtual currencies while opining how they will soon permeate into society, as reported by Russian news agency TASS. Speaking at the presentation of a joint....
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