RussiaThe Russian government, which had a very difficult time as a result of the pressure and sanctions applied to the Russian economy after the landing of Ukraine in Ukraine, SberbankLicensed to issue and exchange digital assets.
The said move may create an opportunity to blunt the sanctions imposed by the West.
As is known, the sanctions against the country also targeted Sberbank. The bank, on the other hand, could not stand the increasing pressure any longer and announced that it would withdraw from the European market.
In a statement made today by the Russian central bank, it was reported that the country’s most prestigious bank will pave the way for it to have a say in the crypto field.
Sberbank, on the other hand, said it will use Blockchain technology that guarantees the security of digital transactions and will allow companies to issue their own digital assets, buy those issued within its system, and make other transactions.
On the other hand, German Gref, Chief Executive Officer of Sberbank, said that in late 2020, “SbercoinHe stated that they have acted with JP Morgan to prepare their own cryptocurrencies called ”, but the coin in question has not yet been released.
However, it remains unclear how the sanctions imposed on the country could affect the launch of Sbercoin or Sberbank’s partnership with JP Morgan.