2# It is a smart move for banks to integrate blockchain into their existing system. They see the money transferring from the bank to blockchain-based projects. People are interested more in Decentralized Finance. What's going on in centralized crypto platforms makes it clear how risky it is to get involved in CeFi. After getting approval from the central bank, Sber started its digital currency trading in June 2022. Since the Russian government holds the majority of its share, whatever happens in Sber, will be controlled by the central authority. When it comes to crypto, Russia has a love-hate relationship. The government banned any use of Bitcoin in Russia in 2020. Recently Russia’s President Vladimir Putin talked about using blockchain technology and the possible solution to making international payments
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