Cryptocurrency Won’t Replace Money Due to State’s ‘Centralized Role’: CEO of Russia’s Biggest Bank

in cryptocurrency •  7 years ago 

Bitcoin proponent and blockchain advocate Herman Gref, the head of Russia’s biggest bank, doesn’t see cryptocurrency replacing fiat money in today’s centralized financial system.

Sberbank CEO Herman Gref was speaking to reporters on the sidelines of the Astana Finance Days, a Eurasian financial conference in Kazakhstan, when he was asked for his take on the advent of cryptocurrencies and their role as a method of payment, Russian news agency TASS reports1.PNG

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