Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, Bloomberg reported on March 27.
Potanin — who is CEO of the Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel) — plans to deploy cryptocurrency tokens for trading palladium through a Switzerland-based palladium fund, and wants to launch several digital platforms.
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