TagHerman Gref

Russia's Largest Bank Scraps Crypto Plans Even with Pro-Bitcoin CEO

Sberbank

By CCN: Sberbank, the largest bank in Russia, is scrapping its crypto plans, citing the anti-bitcoin sentiments of government regulators. Ironically, the CEO of Sberbank, Herman Gref, is a bitcoin proponent. However, others at Sberbank are not convinced of the merits of virtual currencies, so they're suspending all cryptocurrency-related projects. Andrey Shemetov, the global markets head at...

Industrial-Scale Adoption of Blockchain Likely in 1-2 Years, Says CEO of Russia's Largest Bank

Industrial-scale adoption of blockchain technology will surge in the next year or two. That's the prediction of Herman Gref, the pro-bitcoin CEO of Sberbank — Russia's largest bank and the third-largest bank in Europe. Gref said the hype surrounding blockchain has waned a bit, but its many uses will be applied in the near future. In other words, blockchain has moved beyond theory and is ready to...

Cryptocurrency Won’t Replace Money Due to State’s ‘Centralized Role’: CEO of Russia’s Biggest Bank

Bitcoin proponent and blockchain advocate Herman Gref, the head of Russia’s biggest bank, doesn’t see cryptocurrency replacing fiat money in today’s centralized financial system. Sberbank CEO Herman Gref was speaking to reporters on the sidelines of the Astana Finance Days, a Eurasian financial conference in Kazakhstan, when he was asked for his take on the advent of cryptocurrencies and their...

Cryptocurrencies Should Not be Banned: CEO of Russia’s Largest Bank

Influential Russian banker and bitcoiner Herman Gref, head of Sberbank, has reaffirmed his position in opposing a ban of cryptocurrencies. While Russian authorities have considerably softened their previously-hostile stance on cryptocurrencies, the chief executive of Russia’s biggest bank has gone a step further in urging authorities to be patient with decentralized currencies – even with...

Blockchain Will Be Commercial in 2019, Says CEO of Russia’s Largest Bank

Noted blockchain advocate, bitcoiner and chief executive of Sberbank, Herman Gref, has stated that the commercial applications of blockchain technology in Russia will take shape in two, or two-and-a-half years from now. According to regional news publication Prime, the chief executive of Russia’s largest bank by assets opined that the timeframe, while optimistic, is likely to be achieved. Gref...

The CEO of Russia’s Largest Bank is a Bitcoiner

While Russian authorities and officials have frequently poured scorn on bitcoin and digital currencies, going as far as to craft laws aimed at criminally prosecuting adopters and miners, the head of Russia’s largest bank has revealed that he has owned and exchanged bitcoins for fiat currency. Herman Gref, CEO and chairman of the executive board of Sberbank, Russia’s largest bank by assets has, in...

Chairman Of Russia’s Largest Bank Blasts Proposed Bitcoin Ban

Sberbank Bitcoin

Russia’s proposed bitcoin ban will hinder blockchain technology’s development in the Russian Federation, according to Herman Gref, chairman of the board at Sberbank (Russia’s largest bank by assets) and former Economic Development Minister, speaking at the Skolkovo business school Saturday, according to lenta.ru, a Moscow-based news site. Gref said blockchain is a new web technology comparable to...

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