Russia's Sberbank plans release of its own crypto token, the 'Sbercoin'

Cointelegraph

Published Nov 30, 2020 02:29PM ET

Updated Nov 30, 2020 04:00PM ET

With a new law coming into effect in Russian, the country's largest bank is planning a new blockchain platform for trading, as well as a native token.

According to a Monday report from Russian business news outlet RBC, Sberbank is planning to jump into crypto come 2021 when a new law "On Digital Financial Assets," or DFA, is set to come into effect.

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