[Blockchain Today Reporter Jihye Han] It has been confirmed that Russia’s largest state-run bank Sberbank has submitted an application for blockchain platform permission to the Central Bank of Russia while speeding up the issuance of Sbercoin.
The submission of the application for permission is in response to Sverbank’s CEO Herman Gref, who said at the end of November last year that he plans to issue his own stablecoin Svercoin.
Sergey Popov, director of Sverbank, said in an interview with the Russian local media Interfax on the 21st, “I submitted an application to the Russian Central Bank earlier this month, and registration will not take more than 45 days.” As Popov said, the platform and stablecoins are expected to launch this spring. However, it is said that the tax-related problems are still going on.
From a technical point of view, Popov stressed that Sverbank is ready to launch a cryptocurrency business. “We have completed internal testing to see if the solution works,” he said. “We hope to solve the problem sooner or later.”
The fact that Sverbank is preparing to develop Svercoin has been known since last November. It is noted that Sverbank’s announcement came shortly after the Russian government adopted the Digital Assets Act on Cryptocurrency on January 1, 2021.
At the end of 2020, Russian Congressman Anatoly Aksakov mentioned that “the cryptocurrency issuance will increase as the Russian House Financial Services Commission adopts cryptocurrency legislation.”
hjh@blockchaintoday.co.kr