One of the largest European banks intends to launch a platform for trading cryptocurrency
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Answer One of the largest European banks intends to launch a platform for trading cryptocurrency
It was reported that Belarus’s largest bank, Bank of Belarus, is looking to launch a platform for crypto and cryptocurrency trading.
Bank “Belarus” studies crypto (crypto technologies) for business trading
The Chairman of the Board of Directors of the Bank of Belarus, the largest bank in Belarus, said that he is studying the opportunity to create a platform for trading digital and cryptocurrency.
Speaking to the local TV channel, Belarus 1, He said:
The possibility of creating a platform for trading digital and cryptocurrency is currently being studied.. We are currently addressing this issue, it is assumed that this is just part of the bank’s plans to move to digital technologies.
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Besides launching a cryptocurrency trading platform, the bank is also seeking to expand its list of services offered in cooperation with mobile network operators in 2019.
Ananche also said that there is a definite trend to move to new forms of customers and businesses alike, and that digitization will be one of the main trends of the banking sector.
Bank of Belarus is the largest bank in the country when it comes to stocks, assets, loans and deposits. In 2018, the bank’s assets amounted to 27 billion pesos (approximately 13 billion dollars).
In 2017, the Bank of Belarus reported a profit of $86 million, marking an 11% increase over the previous year.
The Belarusian Bank will go into cryptocurrency next March.
It is worth noting that the Bank of Belarus is not the first domestic bank to enter the field of blockchain technology.
In mid-2017, Bitcoinist reported that the National Bank of Belarus had deployed an information network based on blockchain technology. It is intended to be used as a record of bank guarantees and their issuance.
Earlier this month, a Belarus-based startup launched a trading platform that allows users to buy shares and assets in exchange for cryptocurrencies, enabling investors to tap into traditional markets with Bitcoin and Ethereum.
Read:Crypto has officially become a financial instrument in Germany
The country’s engagement in the blockchain space accelerated after the president signed a decree in December 2017 that led developments in this regard. At the time, President Lukashenko said:
Belarus will become the first government in the world to open wide opportunities for the use of blockchain technology. We have every chance to become a regional center in this field.
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