Popov clarified that at the moment,
Posted: Sun Jan 19, 2025 8:30 am
According to Sberbank Deputy Chairman of the Management Board Anatoly Popov, the bank is currently working with the Central Bank to develop the nuances of regulating cryptocurrency trading within the EPR. The bank is also participating in discussions on creating a crypto exchange in the country.
Sberbank plans to conduct its first cryptocurrency transactions by the end of 2024. This was reported to journalists on the sidelines of the conference "FI Day. Blockchain: on the threshold of a new financial era" by the bank's deputy chairman of the board, Anatoly Popov.
"We understand the importance iran telegram of using settlements using stablecoins and cryptocurrencies for foreign economic activity; we are currently working with the Bank of Russia on the nuances of this regulation and expect to make the first transactions by the end of the year," he said.
the details of the functioning of the experimental legal regime (ELR) are being determined, within the framework of which cryptocurrency trading will become possible in Russia, as well as its use in foreign economic activity.
During a meeting of the Council for the Development of the Financial Market under the Federation Council at the end of July, the head of the Bank of Russia Elvira Nibiullina said that the first cross-border payments using cryptocurrencies will take place before the end of 2024.
Popov also said that Sber is actively participating in discussions about the creation of a crypto exchange in the country, which are being conducted as part of discussions of an experimental legal regime. "Indeed, in order for a client to be able to pay with some crypto instrument or stablecoin for foreign economic activity, he must purchase it somewhere," he explained.
"Here is a miner who has produced a certain amount of crypto-instruments - he must sell them somewhere, preferably not outside, but, so to speak, within the Russian Federation, obviously. And such platforms will appear, and within the framework of the experimental legal regime the bank is discussing the possibility of their creation," Popov added.
On July 30, the State Duma adopted a law according to which the Bank of Russia will be able to create an experimental legal regime in the country for conducting organized cryptocurrency trades. Participants in foreign economic activity will be able to use cryptocurrency for external settlements.
A representative of the St. Petersburg Exchange told RBC Investments that the trading platform “plans to actively participate in the experimental legal regime for conducting exchange trading in cryptocurrency.”
At the same time, the Moscow Exchange does not intend to participate in the experiment to conduct exchange trading in cryptocurrency, said Nikolai Trunichkin, head of digital projects and products at the platform.
Sberbank plans to conduct its first cryptocurrency transactions by the end of 2024. This was reported to journalists on the sidelines of the conference "FI Day. Blockchain: on the threshold of a new financial era" by the bank's deputy chairman of the board, Anatoly Popov.
"We understand the importance iran telegram of using settlements using stablecoins and cryptocurrencies for foreign economic activity; we are currently working with the Bank of Russia on the nuances of this regulation and expect to make the first transactions by the end of the year," he said.
the details of the functioning of the experimental legal regime (ELR) are being determined, within the framework of which cryptocurrency trading will become possible in Russia, as well as its use in foreign economic activity.
During a meeting of the Council for the Development of the Financial Market under the Federation Council at the end of July, the head of the Bank of Russia Elvira Nibiullina said that the first cross-border payments using cryptocurrencies will take place before the end of 2024.
Popov also said that Sber is actively participating in discussions about the creation of a crypto exchange in the country, which are being conducted as part of discussions of an experimental legal regime. "Indeed, in order for a client to be able to pay with some crypto instrument or stablecoin for foreign economic activity, he must purchase it somewhere," he explained.
"Here is a miner who has produced a certain amount of crypto-instruments - he must sell them somewhere, preferably not outside, but, so to speak, within the Russian Federation, obviously. And such platforms will appear, and within the framework of the experimental legal regime the bank is discussing the possibility of their creation," Popov added.
On July 30, the State Duma adopted a law according to which the Bank of Russia will be able to create an experimental legal regime in the country for conducting organized cryptocurrency trades. Participants in foreign economic activity will be able to use cryptocurrency for external settlements.
A representative of the St. Petersburg Exchange told RBC Investments that the trading platform “plans to actively participate in the experimental legal regime for conducting exchange trading in cryptocurrency.”
At the same time, the Moscow Exchange does not intend to participate in the experiment to conduct exchange trading in cryptocurrency, said Nikolai Trunichkin, head of digital projects and products at the platform.