Russia’s Sberbank eyes taking cryptocurrency trading overseas


For years, the Russian government has been very vocal in opposing the use and exchange of virtual currency in the country. But state‐owned banking and financial services company Sberbank is looking to change all that—by taking its cryptocurrency trading products overseas.

To avoid violating domestic rules, the Moscow‐based bank is reportedly planning to offer cryptocurrency trading to international customers, according to Reuters. Sberbank Head of Global Markets Andrey Shemetov said despite state laws that bar Sberbank from trading cryptocurrencies, the bank is keen on giving what its clients have been asking for.

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