Russia's biggest bank has been cut out of the global financial markets — and now it's launched a cryptocurrency.
Russia’s biggest bank has been cut out of the global financial markets — and now it’s launched a cryptocurrency.
Russia’s biggest bank got permission to issue a digital currency just weeks after the invasion of Ukraine. Sberbank launched sbercoin as Western sanctions hampered Russia’s access to the global financial system. The US and its allies are concerned about Russian use of crypto to circumvent sanctions.
