Crypto-Exchange To Be Launched By Russia’s Largest State Bank

in cryptocurrency •  7 years ago 

According to a report released by a local Russian media group RBC on Tuesday Jan 30, Sberbank – the largest state bank, will be opening up a digital currency exchange in Switzerland – more precisely in its Swiss branch Sberbank Switzerland AG.

Andrey Shemetov – the bank’s Head of Global Markets, stated that Switzerland was decided to be the location because of the Russian officials not allowing crypto-operations, in contrary to Switzerland where crypto-exchange is legal.

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7 years ago by

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