Sberbank has created its own cryptocurrency

In the spring of 2021, Sberbank will have its own digital currency. About it reported Deputy Chairman of the Board of the organization Anatoly Popov.

“Sberbank, in accordance with the established procedure, submitted an application to the Bank of Russia for registration of our platform in early January, on the first working days last week. Accordingly, we hope that our application will be approved, ”Popov said.

Sberbank, according to Popov, is technologically ready for the release of cryptocurrency and work with it. Developers and managers have already tested it within the organization and came to the conclusion that it will be convenient for customers to use it. Now Sberbank needs to work out the legal basis for the issue and use of this currency on the basis of the law “On digital financial assets” adopted last year. In addition, it will be necessary to implement tools for working with it in mobile applications and on the website.

The fact that Sberbank plans to launch a cryptocurrency became known in August 2020. In November, this information was confirmed by the head of the bank, German Gref.

Source: by

*The article has been translated based on the content of by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!