The largest bank in Russia launches first blockchain-based ETF in the nation

The largest bank in Russia, Sberbank has launched what it said is the nation’s first exchange traded fund (ETF) to offer exposure to firms involved in the blockchain industry. In a statement, the bank said that called the Sberbank Blockchain Economy ETF, the fund from Sber Asset Management trades on the Russian stock market under…

SBI prohibits traders from using its UPI to sell/buy cryptocurrency

India’s largest lender, State Bank of India has banned crypto exchanges from receiving funds through its UPI platform and has asked payment processors to disable SBI UPI on their platform also. SBI’s stance came after a slew of banks imposed alike bans on cryptocurrency exchanges over the previous few years. In May, HDFC Bank has…