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Benzinga
Benzinga
Business
Samyuktha Sriram

Russia's Sberbank, Facing Global Sanctions, Gets Central Bank License To Issue Digital Assets

Major Russian lender Sberbank (OTC: SBRCY) said on Thursday it had received a central bank license to issue and exchange digital financial assets on its platform.

What Happened: Sberbank, which has reportedly been working on launching its own cryptocurrency, said the approval would allow companies to issue their digital assets and make other transactions on its platform.

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