Share this article
BTC
$77,153.89
-
2.47%ETH
$1,473.23
-
5.93%USDT
$0.9996
-
0.01%XRP
$1.8301
-
2.39%BNB
$554.96
-
0.44%USDC
$1.0001
+
0.00%SOL
$106.98
-
1.03%TRX
$0.2295
-
2.30%DOGE
$0.1458
-
4.01%ADA
$0.5737
-
1.44%LEO
$9.1434
+
2.22%TON
$3.0366
-
2.41%LINK
$11.37
-
2.18%AVAX
$16.64
-
2.04%XLM
$0.2217
-
2.88%HBAR
$0.1537
-
1.55%SHIB
$0.0₄1096
-
3.27%SUI
$1.9779
-
2.14%OM
$6.2653
-
0.35%BCH
$273.09
-
2.07%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Sberbank Gets License From Russian Central Bank to Issue, Exchange Digital Assets
The approval comes a short while after the Bank of Russia had advocated for a full ban on the trading and mining of cryptocurrency.
Russia’s Sberbank has received a license from the Bank of Russia to issue and exchange digital assets, just two months after the Russian central bank had advocated for a full ban on trading, mining and using cryptocurrency.
- Sberbank, the country’s largest retail bank, recently said it was withdrawing from European markets after sanctions over the invasion of Ukraine began hitting Russian-exposed industries, and its Europe-based units were seeing cash outflows.
- In January, Sberbank applied for a license with Russia’s central bank to issue its own digital token for corporate clients. Sberbank sought to have the digital asset available for the companies banking with it.
Read more: Russia to Restrict Crypto Trading to Licensed Platforms, Certified Wallets
STORY CONTINUES BELOW
Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
