Sberbank Cleared for Bitcoin Custody in Russia
Russia has cleared Sberbank to provide Bitcoin custody services as the country opens new cryptocurrency registers.
Russian banking giant Sberbank has been cleared to custody Bitcoin as part of a broader national initiative to open cryptocurrency registers, according to Altcoin Buzz. The development marks a notable shift in the country's institutional approach toward digital assets, establishing formal channels for institutional cryptocurrency custody within the jurisdiction.
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The authorization enables the state-backed financial institution to handle digital assets under emerging regulatory frameworks. As Russia formalizes its cryptocurrency registers, institutions are gaining structured pathways to integrate digital currencies into traditional financial services.
Key facts
- Sberbank has been cleared to provide Bitcoin custody services.
- The approval coincides with Russia opening official cryptocurrency registers.
- The update was reported by Altcoin Buzz.
Source: news.google.com
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