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Russia's Sberbank may issue its own cryptocurrency

Sberbank is teaming up with JP Morgan on preparing the cryptocurrency
Last Updated 30 November 2020, 16:03 IST

Russia's largest lender Sberbank may issue its own cryptocurrency, called 'Sbercoin', in 2021, Chief Executive German Gref said on Monday.

Gref said Sberbank was teaming up with JP Morgan on preparing the cryptocurrency and may launch it in "an experiment" next year.

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(Published 30 November 2020, 16:03 IST)

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