365Crypto
Sberbank, Russia’s largest bank, wants to guard your crypto.
The bank announced it will launch custody services for crypto assets. This means it’ll hold your Bitcoin safely, like a vault for your digital money.
Russia’s central bank has slowly become more friendly to crypto. Last year, it approved rules letting companies use crypto for global trade. This helps dodge Western sanctions over Ukraine.
Sberbank says it wants to copy what big banks worldwide already do. Custody services help protect clients’ tokens from hacks and fraud. They also make crypto easier to manage, freeze, or recover in cases of crime.
“The world’s crypto economy depends on who controls custody,” said Gleb Zemskoy from Insight Finance. “Right now, it’s mostly foreign companies. That’s risky.”
Sberbank’s Anatoly Pronin confirmed they’ve sent proposals to Russia’s central bank. They want crypto custody treated just like regular bank accounts.
Custody: A service where someone safely stores your crypto, like a bank vault for digital coins.
