Sberbank, the largest public bank in Russia, plans to launch a cryptocurrency stock exchange in its Swiss subsidiary, Sberbank Switzerland AG. Tuesday, January 30th.

Bank Global Markets Chief Andrey Shemetov told RBC that the Russian bank chose Switzerland as a trading venue because the Russian authorities do not accept the transactions cryptocurrency.

"We want to serve the interests of our customers, that's why we think we need to have strategic access to all kinds of products and services," said Shemetov

. currently in development of their trading infrastructure, but Shemetov did not specify when the exchange should be launched.

Sberbank does not plan to provide cryptocurrency to retail investors, but seeks to operate at the institutional level. "Cryptocurrency trading will only be available for corporations," Shemetov said, adding that cryptocurrency investments are high risk due to market volatility

[19459003EarlierthismonthHermanGrefwasnotbanned"underallcircumstances"callingbothcryptocurrencyandBlockchain

"huge new technologies whose power can not be realized at the moment. "

January 25, authorities The Asset Management Bill, which defines and establishes a regulatory system for cryptocurrencies, country offices, mines and trade.

According to the latest update of the bill, the Ministry of Finance reduce the risk of fraud and increase the tax revenue of the government, because of the potential for fiscal transparency.

According to the local crypto news website Forklog, the final version of the bill will be officially released no later than July 1, 2018, which means that the current version could still be amended before the Law does not enter into force.