Cryptocurrencies

Sberbank Announces Participation in Russia’s Crypto Settlement Pilot Program Set for This Fall, Reveals Executive

Sberbank, the largest financial institution in Russia, is set to participate in a cryptocurrency settlement pilot program this autumn. The bank is also looking to offer services to clients using digital rubles by the year 2025. Deputy Chairman Anatoly Popov is in favor of regulatory initiatives aimed at legitimizing cryptocurrencies for use in international payments and mining. He emphasized the effectiveness of cryptocurrencies as payment methods, particularly for small businesses, on a global scale.

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