Head of Sberbank Favours Bitcoin

Sberbank is the third largest bank in Europe, the biggest bank in Russia and Eastern Europe and holds almost half a trillion dollars in assets and they employ over 300,000 people.

It’s safe to say Sberbank is a financial powerhouse. The bank is owned by the Central Bank of Russia and its CEO, German Gref, who was also the Russian Minister of Economy and Trade, is known for his liberal views and reforms of the Russian economy.

Gref has expressed several times that he is in favour of the cryptocurrency Bitcoin and on an interview at the World Economic Forum in Davos, he expressed support for all kinds of digital currencies, saying he had asked officials to step in in parliament to avoid banning digital currencies.

Gref went as far as stating publicly that “an outright ban would be a ‘colossal mistake’ and it definitely shouldn’t be banned, it must be studied and maybe regulated properly”.

Recent Posts

Professional investors skeptical about Bitcoin, a recent Bank of America survey says

Bank of America recently asked 200 professional investors with $533 billion in assets under management for their opinions on Bitcoin.…

3 days ago

AXA Switzerland now offers Bitcoin as a payment method

Insurance provider AXA Switzerland announced that its Switzerland customers will now be able to pay their bills in Bitcoin (BTC).…

3 days ago

DOGE “to the moon” as Robinhood faces more scrutiny

After yet another phenomenal rally surging 114% in the last 24 hours, Dogecoin (DOGE) hit an all-time high of $0.29.…

3 days ago

“Bitcoin’s peak volatility is right on track to drop below fiat volatility”

There will come a time that Bitcoin will be less volatile than fiat money as money is being redefined. And…

4 days ago

GoldMan Sachs watching Bitcoin’s every move

Goldman Sachs is keeping a close eye on Bitcoin. In an earnings call on Tuesday, the bank’s Chief Executive Officer,…

4 days ago

Coinbase’s COIN is Live on Nasdaq, while Bitcoin and Ethereum jumped to new all-time highs

After months of intense build-up towards their big day, Coinbase finally listed on the Nasdaq with ticker COIN. And the…

4 days ago