Sberbank, the largest state-owned bank in Russia, is planning to launch institutional cryptocurrency trading in its Swiss branch.
Sberbank, the largest state bank of Russia, is planning to launch a cryptocurrency exchange in its Swiss branch, Sberbank Switzerland AG, local media group RBC reported on Tuesday Jan. 30.
The bank’s Head of Global Markets Andrey Shemetov told RBC that the Russian bank chose Switzerland for the exchange location because Russian authorities do not currently allow cryptocurrency operations, while cryptocurrency exchange is legal in Switzerland.
“We wish to serve our
This post is an exerpt of an original post published on Coin Telegraph. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.