Russia’s largest bank strives to register its digital asset platform

As the company continues to delay registration plans, Russia’s largest bank Sber is clearly working to obtain regulatory approval for its digital asset issuance platform.

Sber CEO Herman Gref announced on December 7 that the bank now expects to register its digital asset issuance platform with the Bank of Russia by the end of 2021, the local news agency Prime Report.

“We have been in contact with the central bank and we are discussing various issues. We really want to believe that the platform will be registered before the end of this year,” Gref said.

The new comment was released almost a year later Sber originally submitted the application The Bank of Russia launched a blockchain platform for its Sbercoin stablecoin in January 2021. At the time, Sber’s head of trading, Sergey Popov, stated that the registration process usually does not exceed 45 days. Therefore, the bank is expected to launch its platform and stablecoin in the spring of 2021.

Although it was impossible to move forward with the plan before the fall, Sber then said it was Plan to register its digital asset issuance platform In September.

Sber did not respond to Cointelegraph’s request for comment on the matter.

related: The survey shows that cryptocurrency is a hedging tool for 46% of Russian retail investors

Sber’s postponement is not surprising, because the Central Bank of Russia has taken a strong stance against cryptocurrencies such as Bitcoin (Bitcoin), even Ban some major banks From providing encrypted investment services.Bank has Said It is believed that such services “do not conform to the interests of investors and bear great risks.”

At the same time, Elvira Nabiullina, Governor of the Russian Central Bank, believes that central bank digital currency and other tools should be a good choice for the government. Replace decentralized cryptocurrency.