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Sberbank


Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will offer their clients shares in a special fund that will be trading the six most popular cryptocurrencies on major exchanges, including Kraken and Bitstamp, …

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During a meeting with Herman Gref, the president of Russia’s largest bank Sberbank, Russian President Vladimir Putin spoke about the importance of not falling behind in Blockchain development. Sberbank already introduced Blockchain in their document transfer and storage systems by partnering with Russia’s Federal Antimonopoly Service (FAS) in December of last year. The bank is …

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Sberbank, the largest state bank of Russia, is planning to launch a cryptocurrency exchange in its Swiss branch, Sberbank Switzerland AG, local media group RBC reported on Tuesday Jan. 30. The bank’s Head of Global Markets Andrey Shemetov told RBC that the Russian bank chose Switzerland for the exchange location because Russian authorities do not …

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Sberbank, one of the largest banks in Russia, has announced a blockchain laboratory to develop and test blockchain-based solutions. The new lab aims to generate product prototypes, perform pilot tests and deploy blockchain-based business solutions for Sberbank Group, a press release says. According to Igor Bulantsev, Sberbank’s senior vice president, blockchain can help in “reshaping” the financial …

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The head of Sberbank believes that the wider-scale implementation of blockchain in Russia could take as long as a decade. As quoted by state-owned news service TASS, Herman Gref, Sberbank’s chairman of the board, indicated that the institution could roll out products based on the tech as early as next year. But the wider adoption …

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Russia has officially completed its first government-level Blockchain implementation. The state-run bank Sberbank announced today that it is partnering with Russia’s Federal Antimonopoly Service (FAS) to implement document transfer and storage via Blockchain. According to local sources, the move represents the first case of direct government implementation of Blockchain technology. On the wider implications of …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Sberbank has piloted the Russian banking industry’s first ever payment transaction over a blockchain. Sberbank, Russia’s biggest bank by assets, has executed a real-time money transfer over an IBM-built blockchain based on the Hyperledger Fabric – a blockchain software. The transaction involved …

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