26 Jan '14, 3pm

Head of Russia’s Largest Bank Backs Bitcoin, Again

Head of Russia’s Largest Bank Backs Bitcoin, Again

Sberbank may not be a household name in the west, but it just happens to be the third-largest bank in Europe. It’s also the biggest bank in Russia and eastern Europe, with nearly half a trillion dollars in assets and a workforce of 300,000. The bank is owned by the Central Bank of Russia and it is headed by German Gref, who served as the Russian Minister of Economic and Trade from 2000 to 2007. Gref’s tenure was marked by a period of economic reform and liberalization. Judging by his recent statements, he is still open minded when it comes to monetary issues. Protecting bitcoin? This news follows comments Gref made about the currency back in December . Speaking in an interview at the sidelines of the World Economic Forum in Davos, Gref voiced his support for digital currencies. “It’s a very interesting global experiment that breaks the paradigm of currency issuance.” He ad...

Full article: http://www.coindesk.com/russias-largest-bank-backs-bitcoin/

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