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Herman Gref admits Bitcoin trading

The Head of Sberbank told about his experience in the use of cryptocurrency at the presentation of Sberbank and the Google Company’s “Business Class” joint project. The presentation took place in Kazan on November 18.

ʺMore and more virtual currency are appearing now, there are exchanges of virtual currencies. I can convert the virtual currency to the conventional one with pleasure and without any trouble,ʺ Herman Gref said.

Also, the Head of Sberbank believes that Bitcoin trading is a game, but the cryptocurrency will enter into our lives in the near future.

Besides that, Gref shared his thoughts about the development of the Russian market of digital services. According to him, it will amount to about $1 trillion annually by 2025. The highest activity of the market development is expected to be in the financial and health industries.

It should be reminded that Herman Gref is a longtime supporter of the blockchain technology and cryptocurrency. So, Herman said in his lecture, which took place in “Skolkovo” business school in May this year, that the criminalization of Bitcoins’ exchanging would stop the development of the blockchain technology in the country and lead to regress as a whole.


  • November 21, 2016 4:34 PM MSK