Russia’s Largest Bank Scraps Crypto Plans Even with Pro-Bitcoin CEO

News

By CCN: Sberbank, the largest bank in Russia, is scrapping its crypto plans, citing the anti-bitcoin sentiments of government regulators. Ironically, the CEO of Sberbank, Herman Gref, is a bitcoin proponent. However, others at Sberbank are not convinced of the merits of virtual currencies, so they’re suspending all cryptocurrency-related projects. Andrey Shemetov, the global markets head at Sberbank, made the announcement at a May 30 press conference, Tass reported. “We waited for legislation that allows you to trade cryptocurrencies. Since the regulator is currently looking negatively , we decided to suspend our cryptocurrency plans.” Russia Delays Roll-Out of Regulations The…
Click Title Below To Read Details From Source:
Russia’s Largest Bank Scraps Crypto Plans Even with Pro-Bitcoin CEO

Leave a Reply

Your email address will not be published. Required fields are marked *