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Sberbank will work with cryptocurrencies through the Swiss division of Sberbank Switzerlang AG, a subsidiary of Sberbank in Switzerland, is going to work with cryptocurrencies. Andrey Shemetov, Head of the Global Markets Department of Sberbank CIB, told RBC about this.

Sberbank will work with cryptocurrencies through the Swiss division of Sberbank Switzerlang AG, a subsidiary of Sberbank in Switzerland, is going to work with cryptocurrencies. Andrey Shemetov, head of the global markets department of Sberbank CIB, told RBC about this.

Sberbank will work with cryptocurrencies through the Swiss division

Sberbank Switzerlang AG, a subsidiary of Sberbank in Switzerland, is going to work with cryptocurrencies. Andrey Shemetov, Head of the Global Markets Department of Sberbank CIB, told RBC.

According to him, Sberbank strives to provide its clients with a full range of services, but Russian laws do not allow it to work with cryptocurrency, but allow Swiss ones, which is why the company's latest decision is connected..

“We are building a completely trading setup so that we can play the book ourselves, both open our own positions and provide customer service, that is, buy and sell,” he explained..

Access to the service will not be provided to all customers, since cryptocurrencies are a high-risk tool, Shemetov explained. At the moment we are talking about providing access to the new offer of Sberbank only to legal entities.

Recall that in December, Sberbank used the blockchain for cross-border transfers.
Sberbank will work with cryptocurrencies through the Swiss division of Sberbank Switzerlang AG, a subsidiary of Sberbank in Switzerland, is going to work with cryptocurrencies. Andrey Shemetov, head of the global markets department of Sberbank CIB, told RBC about this.

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