The largest bank in Belarus, Belarusbank, is in the crypto news today for its plans to set up a crypto/Bitcoin exchange, according to local information agency BeITA and its reports on January 28th. As the bank’s chairman on the board Viktor Ananich revealed, the efforts are now being made to explore the possibility of setting up a cryptocurrency exchange.
Ananich also claimed that digitization is one of the most important focuses of the bank this year, noting that they are also working with many mobile carriers and with that aiming to expand their services.
On top of this, Belarusbank is planning to issue virtual cards online (rather than physical) in only a few months from now, as Ananich noted. He also emphasized that the banking sector should keep up with the digital industry as the space is evolving fast.
Belarusbank is owned by the State Property Committee of Belarus and is the leading banking institution in the country according to its volume of equity, assets, loans and deposits. The current estimates show that the bank is estimated to have $13,51 billion in operating assets in 2017 alone.
This is not the first time a bank plans to form an exchange. Previously, the major European crypto exchange Bitstamp partnered with a Swiss online bank to conduct BTC transactions on behalf of Dukascopy bank and within the Swiss FX Marketplace.
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