The largest state bank in Russia, Sberbank, has submitted an application to the Bank of Russia to register its own blockchain platform.
On January 21, Deputy Chairman of the Board Sergei Popov told Interfax:
There is a high probability that the stable coin project will be launched this spring. There is one more issue that has not yet been fully resolved - the issue of taxation of digital financial assets, but we hope that it will become clearer. The simplest use of Sbercoin is a digital bill.
He also added that the testing stage has already been completed and “technologically the bank is completely ready to work” with the new currency.
As previously reported, Sberbank announced the issue of a stable coin last year.
Subscribe to ForkNews in Telegram to always be aware of the latest news from the world of cryptocurrencies
You May Also Like
Tether Reopens Direct Conversion of USDT to Fiat
Tether, the issuer of the USDT stablecoin, recently announced the launch of “an updated platform that allows you to verify new customers and directly purchase Tether with fiat and vice versa.”
Coinbase will support USDC
On October 23, the most famous cryptocurrency exchange Coinbase announced that it will begin supporting the USDC stablecoin. All Coinbase users can now trade USDC on the official website.
