Anatoly Popov explained this by the fact that market participants are not ready to take on the risks of changes in the rates of other digital assets.
Sberbank believes that stablecoins and cryptocurrencies should be recognized as legal instruments for payments, and welcomes the activity of regulatory bodies in Russia in their adoption, the bank’s top manager emphasized.
“A stable demand for settlements using cryptocurrencies has formed in the global economy. It is clear that in most countries these settlements are still in the gray zone, but for small and medium businesses this will be a good solution in the current conditions,” Popov said.
The Deputy Chairman of the Board of Sberbank noted that from 2025 the credit institution will begin conducting transactions with clients in digital rubles, and is ready to become a participant in the experimental mode of settlements in virtual assets.
Earlier, Sberbank announced that it plans to place two issues of digital financial assets (DFA) with fixed income. The new financial instruments are intended for individuals and legal entities.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
