Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital
Called “Sber — Blockchain Economy,” the ETF will trade under the ticker SBBE and track major crypto companies.
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Bank of Russia to ban mutual funds from investing in Bitcoin
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors.
Russia’s largest bank struggles to register its digital asset platform
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry.
Russian Sberbank plans to register its digital asset tool in September
As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one.