Sberbank will launch a block-platform for buying digital assets

Sberbank intends to launch a block-platform through which users can acquire digital financial assets (DFA). This was stated by Sberbank CEO German Gref during an online presentation on Investor Day.

The new platform is planned to be launched after the entry into force of the law „On CFA“.

„On 1 January, the relevant law will come into force. We want to launch our new block platform, which will provide services for the purchase of CFA. And there we are going to realize the possibility of buying green instruments from the very beginning,“ Gref said.

He also allowed Sberbank to release its own stelecoin in 2021:

„We have all the developments on this topic and it is quite possible that we will start experimenting next year with the production of our own currency – the so-called Sbercoin.

Earlier it was reported that Sberbank may issue ruble-linked stablecoin to pay for other digital assets.

Recall that in July 2020 the State Duma passed a law on CFA after several years of work.

In November, Russian Prime Minister Mikhail Mishustin said that the Russian authorities would direct the development of cryptov currencies in a „civilized direction“. Later, the government approved a draft law on the procedure for submitting tax returns for operations with cryptocurrency.