Herman Gref urged Russia’s Central Bank not to ban stablecoins
However, the head of Sberbank supports the Central Bank’s view on banning cryptocurrencies

04.02.2022 - 08:40
236
1 min
0
.
What’s new? The head of Sberbank, Herman Gref, has spoken out about the cryptocurrency situation in the country. He fully supports the position of the Central Bank and believes that all cryptocurrency transactions should be banned. However, Gref believes that stablecoins can be allowed, RBC reports.
What else did the head of Sberbank say? Gref added that stablecoins contribute to the development of blockchain technology, which he believes should be studied.
“I support the banning of cryptocurrency as a means of payment in the country. But in no way should any derivatives, such as stablecoins, be banned."
The head of Sberbank also believes that it is no longer possible to prohibit Russians from owning cryptocurrencies, especially after billions have been invested in them. Recall, Bloomberg estimates that Russian investments in cryptocurrency amounted to more than 16,5 trillion Russian rubles. Therefore, Gref suggested periodically reminding citizens of the risks of losing their investments.
Useful material?
Market
The product will allow professional investors to track the price of the altcoin without having to hold it directly
Apr 18, 2025
Market
Previously, the PumpFun team launched their decentralized exchange to preserve liquidity in their ecosystem
Apr 17, 2025
Technologies
The company predicts that devices powerful enough to crack a 256-bit key could be available in the next 10 years
Apr 17, 2025
Mining
The collaboration aims to increase decentralization of the blockchain
Apr 15, 2025
Market
The feature will later be available to customers in Europe and Australia
Apr 15, 2025
Crypto regulations
The rule was passed toward the end of Joe Biden’s presidential term
Apr 11, 2025