Russia’s largest bank Sberbank announced late in January that it is planning to open a crypto-currency exchange in its Swiss branch, Sberbank Switzerland AG, the bank’s Vice-President Andrey Shemetov told Russian state media outlet RBC.

“We want to serve our customers’ interests, that’s why we think we need to have strategic access to all kinds of products and services,” said Shemetov when explaining Sberbank’s reasoning behind the choice of Switzerland as the site of the bank’s first crypto-...

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