Oliver Rudstedt

Switzerland to Be Testing Bed for Russian Banking Behemoth’s Cryptocurrency Operations
Blockchain
Switzerland to Be Testing Bed for Russian Banking Behemoth’s Cryptocurrency Operations
 The state-owned Gazprombank, Russia’s third-largest bank, is reportedly looking to launch a cryptocurrency pilot program in Switzerland later this year. This comes as Russia still lacks the necessary regulatory framework to facilitate domestic cryptocurrency transactions. However, with two separate draft laws making considerable headway in the State Duma this past month, it seems only a matter of time before Russian regulations will catch up to the growing popularity of cryptocurrency…