Russia’s largest bank ‘ Sber ‘ facing trouble in registering its digital asset platform

  • Sber, Russia’s largest bank, is apparently struggling to obtain regulatory approval for its digital asset issuance platform as the company continues delaying registration plans.
  • Sber CEO Herman Gref announced Tuesday that the bank now expects its digital asset issuance platform to have been registered with the Bank of Russia by the end of 2021, local news agency Prime reported.
  • In the meantime, Bank of Russia governor Elvira Nabiullina believes that tools such as central bank digital currencies should serve as a good option for governments to replace decentralized cryptocurrencies.

[Via]