Russia's Sberbank plans to launch DeFi platform on Ethereum
DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.
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Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal
The entity had previously called for the government to ban cryptocurrencies in Russia.
Russian Sberbank plans to register its digital asset tool in September
As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one.