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Russian state-owned bank stops cryptocurrency work in light of unfavorable regulatory environment

Russian state-owned bank stops cryptocurrency work in light of unfavorable regulatory environment – Meduza

Russia’s Sberbank has decided to suspend its plans for doing business with cryptocurrencies. Andrey Shemetov, a vice president of the bank, explained, “We were waiting for legislative action that would allow us to deal in cryptocurrencies. Because, at the moment, regulators have a negative view, we decided to suspend this plan.”