Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Sberbank Recognizes Potential of Bitcoins
13.12.2013 23:02
Sberbank Recognizes Potential of Bitcoins
Photo Credit: http://www.salon.com

Sberbank could issue a copycat of bitcoins in the future to keep up with the global trends, says German Gref, CEO of the country’s largest lender, says the Lenta.ru online news outlet.

      If the idea gets traction with consumers, the bank would consider issuing a new cryptic currency based on Yandex.Money.

      The service was acquired by Sberbank earlier this year from Yandex, who got $60 million for 74 percent of the service.

      Gref believes virtual currencies need regulation which will be introduced after a collapse of any of them.

      According to a survey by Google, Russians lead in the number of queries for bitcoins, followed by Estonia and the US.

      Sberbank of Russia is the largest bank in Russia and CIS. The founder and principal shareholder is the Central Bank of Russia, which owns 50 percent of the Bank's authorized capital plus 1 voting share. The rest of the shares are held by international and domestic investors. The Bank's ordinary and preferred shares have been publicly traded in Russia since 1996, and the American Depositary Shares (ADS) were listed on the London Stock Exchange, admitted to trading in Frankfurt Stock Exchange and over the counter in the US.

      For more news on Sberbank, type it in our search field in the upper right corner. If you need more information, just drop us a line. 




Author: Mikhail Vesely

Tags: Sberbank Russian banks bitcoins Yandex.Money  

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Nikolai Garin-Mikhailovsky  Russian tourism  Roman Abramovich  Russias GDP  Anna Bunina  Genocide  human rights in Russia  Gidon Kremer  Yuri Milner  Russian coal mine  TNK-BP  Russia Travel Tips  Exhibitions in Moscow  St. Petersburg  Russian Actresses  Russian culture  Frankophone Film Festival  Sunken Ships   safety  Monuments in Moscow  Concerts in Moscow  Gregory Pototsky  Bashkiria  Russian money  Russian science  Military Aircrafts  FIFA World Cup   Concerts in Saint Petersburg  Russian business  Sarai-Batu  Russian parliament  Russian trade  Graphic Art  Charlie Chaplin  Russian scientists  Hermitage  Alexander Nevsky Lavra  Skomorokhi  Russian Cinema  Moscow  Arkhangelsk  Association of the European Business  Sculpture  Vologda  Russian economy  Rohini Gallery  Romanovs  Vladislav Mamyshev-Monroe  Arkhangelsk region  Mercedes-Benz Fashion Week Russia 


Travel Blogs
Top Traveling Sites