The head of Sberbank German Gref once again mentioned the prospects of blockchain technology and condemned its strict regulation in the Russian Federation. He stated this during the forum Finopolis.
According to the banker, due to regulatory restrictions, Russia is losing its competitive advantage in the development of this market.
“The only thing the government can do now is give businesses the opportunity to develop these things. To be a little behind with the regulatory portfolio in order to see how it will be applied,” Gref said.
He also added that the withdrawal of powerful foreign companies from the Russian market would have long-term negative consequences for the economy and slow down the development of innovations.
Recall that in February, the head of Sberbank supported the ban on payments in cryptocurrencies in the territory of the Russian Federation.
Earlier, Gref said that restrictions on digital currencies at the state level jeopardize the development of the blockchain and hinder the disclosure of the full potential of the technology.
In January 2021, Sberbank submitted an application to the Central Bank of the Russian Federation for the registration of a blockchain platform with the subsequent release of the Sbercoin stablecoin pegged to the ruble exchange rate.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
The head of Sberbank German Gref once again mentioned the prospects of blockchain technology and condemned its strict regulation in the Russian Federation. He stated this during the forum Finopolis.
According to the banker, due to regulatory restrictions, Russia is losing its competitive advantage in the development of this market.
“The only thing the government can do now is give businesses the opportunity to develop these things. To be a little behind with the regulatory portfolio in order to see how it will be applied,” Gref said.
He also added that the withdrawal of powerful foreign companies from the Russian market would have long-term negative consequences for the economy and slow down the development of innovations.
Recall that in February, the head of Sberbank supported the ban on payments in cryptocurrencies in the territory of the Russian Federation.
Earlier, Gref said that restrictions on digital currencies at the state level jeopardize the development of the blockchain and hinder the disclosure of the full potential of the technology.
In January 2021, Sberbank submitted an application to the Central Bank of the Russian Federation for the registration of a blockchain platform with the subsequent release of the Sbercoin stablecoin pegged to the ruble exchange rate.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
