Sberbank seeks central bank approval for blockchain platform: report
January 21, 2021, 6:04PM EST
1 min read
Major Russian state-owned bank Sberbank has sought approval from the country's central bank for a blockchain-based financial platform, local Russian news outlet Interfax reported on Thursday.
According to the report, the bank has submitted an application to the Central Bank of the Russian Federation to register a blockchain platform, with plans to launch in the spring.
"Technologically, the bank is ready to work with such fiat currency, we have tested it inside and saw that this solution works," said deputy chairman of the Sberbank board, Anatoly Popov, per the report.
According to Popov, the registration process will take 45 days. Popov also said the bank is still figuring out a so-called Sbercoin token or currency will be taxed.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.
Pimco, a $2 trillion investment firm, could potentially begin trading spot cryptocurrencies, the firm’s chief investment officer Daniel Ivascyn confirmed to CNBC. The firm, which has engaged with the market via crypto-linked securities, is now looking at “trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the […]
On this episode of The Scoop, founder Ari Rubenstein and founder & CEO Ryan Sheftel joined host Frank Chaparro to discuss the launch of their new crypto firm, called Radkl. Radkl, which was born out of trading firm and New York Stock Exchange market maker GTS, is a new digital asset trading business. GTS currently […]