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Sberbank Cleared to Custody Bitcoin as Russia Opens Crypto Registers

Russia's largest bank, Sberbank, has reportedly received approval to provide cryptocurrency custody services for Bitcoin, coinciding with Russia moving to open formal crypto registers. The development marks a notable step in Moscow's gradual legitimisation of digital assets within its banking system. Observers see it as part of a broader shift toward regulated crypto infrastructure in Russia.

Why now: A major state-linked bank gaining approval to custody Bitcoin signals a significant regulatory shift in Russia's approach to crypto.

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