Russia’s Largest Bank Confirms It Will Not Develop Crypto-Related Services

The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7. Herman Gref, Sberbank CEO and a former minister of economics and trade of Russia, claimed that the bank has never had any ambitious plans in the crypto space. Instead, the bank will now focus on blockchain applications for its…