✉news BusinessCrypto first seen 12 h ago, last 8 h ago, peak #6
Sberbank Cleared to Custody Bitcoin as Russia Opens Crypto Registers
Russia's largest bank, Sberbank, has received approval to provide cryptocurrency custody services, allowing it to hold Bitcoin and other digital assets on behalf of clients. The move comes as Russian regulators open experimental legal registers for crypto operations, marking a notable shift toward institutional acceptance of digital assets in the country despite previous restrictions on domestic crypto payments.
Why now: A major state-controlled bank gaining regulatory approval for Bitcoin custody signals a significant policy shift in Russia's stance on cryptocurrency.
Evidence
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