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Russia’s Largest Bank Drops Cryptocurrency Plans Over Regulators’ Negative Stance

Russia’s Largest Bank Drops Cryptocurrency Plans Over Regulators’ Negative Stance | CryptoGlobe

Russia’s largest bank, the state-owned Sberbank, has recently dropped its cryptocurrency-related plans over the country’s negative stance towards cryptocurrencies and blockchain technology, according to vice president Andrey Shemetov. As first reported by local news outlet TASS, Shemetov revealed through a press release that Sberbank was waiting for clearer cryptocurrency regulations in Russia to launch a cryptocurrency-related service.