A strange altcoin named sbercoin (SBER) seems to have tricked experts and the media into thinking it was part of a grand Russian plan from a Russian megabank trying to circumvent western sanctions. .. The bank refuses to connect with the coin.
Tokens that appear to be traded almost exclusively on decentralized exchanges Pancake Swap (CAKE) seems to have debuted last month, but around that time Sberbank (Also known as Sber) has been granted the right to issue what the Russian government has labeled “Digital Financial Assets” (DFA). This vague, comprehensive term has been applied by lawmakers to refer to everything from tokenized commodities and securities to stablecoins to crypto assets.
Sberbank, one of Russia’s premium technology companies, London Stock Exchange As a result of Western-led sanctions in Russia’s invasion of Ukraine.
However, in the midst of financial turmoil, some individuals seem to be trying to use the news as a foil to promote altcoin.
Business Insider, who seems to believe that the coin is really related to Sberbank, reported:
“There was speculation that Subercoin could be a quietly tolerated way to exchange rubles for other currencies and avoid restrictions.”
He also quoted the following general manager, Asheesh Birla. RippleNetStates as follows.
“It will be very problematic for them to get a lot of traction here, because they also need a liquid exchange that robs the Russian rubles. It’s like taking your own bank account and putting it in your ledger. It’s not that useful unless you can start exchanging it for something else. And so far, the data I’ve seen is that it’s not very fluid. “
Birla also pointed out that “Sberbank can start cryptocurrencies, but it may not help move cash in and out of the country.”
The problem is that even though there is “data” and the actual sbercoin has been mobilized in Sber for several years, this particular token seems to have nothing to do with the banking giant.
Token’s website is littered with grammatical and spelling mistakes, lacks the Sber brand and Russian section, and feels like a lot of people are making weird claims about “daily rewards” for staking. increase.
Cryptonews.com Editors have discovered that at first glance, tokens appear to have all the characteristics of a scammer.
A spokesperson for Sberbank denied the relationship between banks and coins and soon Cryptonews.com That,
The information from these web pages is inconsistent with reality.
The token has reached CoinMarketCap, but its white paper does not mention Sberbank. Instead, it explains:
“Sber is the next revolutionary DeFi release. Binance A smart chain designed to provide high passive returns to owners simply by holding a token. “
The paper also mentions “Passive USDT Rewards to make staking easier and more rewarding for investors.”
On Twitter, coin operators were happy to share a free promotion that the media seemed to bestow.
Sberbank My twitter account Since early May, we have been silent on this issue and all other issues.
In March, token operators were equally pleased to share a Reuters news article about Sberbank and the fact that DFA issuance permits were granted. Tesla Chief Elon Musk.
The operator also seemed enthusiastic about tagging Reuters In that post, I tagged the official Twitter handle instead router – Official channel for public transport and green mobility in the metropolitan area of Oslo.
Things may be desperate for a real Sberbank, but is it desperate to market a “passive USDT reward” (giving coins to Pancake Swap)? Cryptonews.com I do not think so.
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learn more:
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-Other savings banks entitled to “issue and exchange” and “digital financial assets” in Russia
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