July 17 news, according to Reuters, Russia's largest bank, Sberbank, said on Thursday that it hopes to provide custody services for Russian cryptocurrency assets and strive to play a leading role in the development of digital assets in Russia. Anatoly Pronin, executive director of Sberbank's alternative payment solutions department, said that after seeing more and more banks abroad begin to provide custody services, the bank has submitted a proposal to the central bank on the regulation of domestic crypto assets. Pronin said at a discussion meeting on cryptocurrency regulation that the Russian Federal Savings Bank's proposal will make the regulation of cryptocurrency assets similar to the regulation of bank account assets, and the bank will ensure the security of tokens. Safekeeping crypto assets on behalf of customers means that if law enforcement agencies suspect misconduct, these assets may be frozen, but this move will make trading operations more convenient and protect accounts from hacker attacks. [PANews]

On July 18 (UTC+8), Russia's largest bank, Sberbank, announced plans to offer crypto custody services and is submitting regulatory and custody proposals to the Russian central bank, intending to regulate crypto assets in a manner similar to traditional bank account assets. Sberbank stated that it will ensure the security of tokens. This move reflects Russia's gradual shift towards using crypto products for cross-border payments in the face of sanctions. Previously, the Russian Agricultural Bank also announced cooperation with the central bank to assess digital assets for grain settlements, and the Ministry of Finance suggested developing stablecoins pegged to other currencies to counter the dollar-dominated crypto landscape. (Source: Decrypt) [MetaEra]

Russia's largest bank, Sberbank, plans to offer crypto custody services

According to Reuters, Russia's largest bank, Sberbank, said on Thursday that it hopes to provide custody services for Russian cryptocurrency assets, striving to play a leading role in the development of digital assets in Russia. Anatoly Pronin, Executive Director of Sberbank's Alternative Payment Solutions Department, said that after seeing more and more banks abroad start to provide custody services, the bank has submitted a proposal to the central bank on the regulatory issues of domestic crypto assets. Pronin said at a cryptocurrency regulatory discussion that Sberbank's proposal would make the regulatory approach to cryptocurrency assets similar to that of bank account assets, and that the bank would ensure the security of tokens. Holding crypto assets on behalf of clients means that these assets could be frozen if law enforcement suspects misconduct, but this move would make trading operations more convenient and protect accounts from hacking. [ChainCatcher]

Russia's largest bank, Sberbank, plans to provide custody services for Russian crypto assets

Russia's largest state-owned bank, Sberbank (Savings Bank of the Russian Federation), has announced plans to provide custody services for domestic crypto assets and has submitted relevant regulatory proposals to the central bank. Sberbank stated that the service will ensure the security of user tokens and hopes to incorporate crypto assets into a bank-like account regulatory system. Previously, the Russian central bank had relaxed its stance on crypto assets, allowing companies to use cryptocurrencies in international trade to counter Western sanctions. [Reuters]

Russia's largest state-owned bank, Sberbank, has announced plans to provide custody services for domestic crypto assets.

On July 17 (UTC+8), Russia's Sberbank announced plans to offer custody services for cryptocurrency assets in the country, signaling the state-owned bank's ambition to dominate the Russian digital asset market. Anatoly Pronin, Executive Director of Sberbank's Alternative Payment Solutions Department, revealed that the bank has submitted a proposal to the Russian Central Bank regarding the regulation of domestic crypto assets. This move follows a growing global trend of banks offering cryptocurrency custody services. Pronin also mentioned that Sberbank's proposal aims to regulate cryptocurrency assets in a manner similar to traditional bank account assets and ensure that banks are responsible for the security of the tokens. (Source: Mlion.ai) [MetaEra]

Russian bank Sberbank plans to offer crypto asset custody services

On July 17, Reuters reported that Russia's largest lender, Sberbank, plans to provide custody services for Russian cryptocurrency assets, as the state-owned bank hopes to play a leading role in the development of digital assets in Russia. Anatoly Pronin, Executive Director of Sberbank's Alternative Payment Solutions Department, said that the bank has submitted a proposal to the Russian Central Bank regarding the regulation of domestic crypto assets, a move stemming from the increasing number of banks worldwide that are beginning to offer custody services. Pronin noted that Sberbank's proposal would allow crypto assets to be regulated in a similar way to bank account assets, with the bank guaranteeing the security of the tokens. [TechFlow]

Russia's largest bank, Sberbank, plans to offer Russian crypto asset custody services

On July 17, Reuters reported that Sberbank stated that it hopes to provide custody services for Russian cryptocurrency assets, thereby playing a leading role in the development of digital assets in Russia. After seeing more and more banks elsewhere begin to offer custody services, the bank has submitted proposals to the central bank regarding the regulation of crypto assets in the country. [BlockBeats]

Sberbank: Plans to provide custody services for cryptocurrency assets

<p>July 17th, according to Reuters, Sberbank, Russia's largest state-owned bank, expressed its desire to provide custody services for Russian cryptocurrency assets, aiming to take a leading role in the development of Russia's digital assets. After seeing more and more banks elsewhere start to offer custody services, the bank has submitted a proposal to the central bank regarding regulating cryptocurrency assets in the country.</p> [BlockBeats News]

Russian Federation Savings Bank: Plans to Provide Custody Services for Cryptocurrency Assets

Russia's largest bank, Sberbank, said on Thursday that it hopes to provide custody services for Russian cryptocurrency assets, striving to play a leading role in the development of digital assets in Russia. Anatoly Pronin, Executive Director of Sberbank's Alternative Payment Solutions Department, said that after seeing more and more banks abroad begin to provide custody services, the bank has submitted a proposal to the central bank on the regulatory issues of domestic crypto assets. Pronin said at a cryptocurrency regulatory discussion that Sberbank's proposal would make the regulatory approach to cryptocurrency assets similar to that of bank account assets, and that the bank would ensure the security of tokens. Holding crypto assets on behalf of clients means that these assets may be frozen if law enforcement suspects misconduct, but this move will make trading operations more convenient and protect accounts from hacking. (Reuters) [Odaily Planet Daily News]

Russia's largest bank Sberbank plans to provide custody services for Russian crypto assets

According to Reuters, Sberbank of Russia stated that it hopes to provide custody services for Russian cryptocurrency assets, thereby playing a leading role in the development of digital assets in Russia. After seeing an increasing number of banks elsewhere begin to offer custody services, the bank has submitted proposals to the central bank regarding the regulation of crypto assets in the country. [Foresight News]

Russia's largest bank, Sberbank, has announced plans to offer custody services for Russian crypto assets in a bid to increase its influence in the country's cryptocurrency space. With this step, the state-owned bank aims to take a leading role in Russia's development of digital assets. Anatoly Pronin, Executive Director of the bank's Alternative Payment Solutions Department, noted that cryptocurrency custody services are becoming increasingly widespread globally, and that Sberbank has submitted regulatory proposals to the Central Bank of Russia accordingly. Pronin argued that cryptocurrencies should be regulated similarly to traditional assets held in bank accounts and that the bank will ensure the security of customers' tokens. Russia's Central Bank softened its stance on cryptocurrencies last year, after long opposing them, and supported legislation allowing companies to use these assets in international trade. This change is seen as part of strategies aimed at mitigating the impact of Western sanctions. Custody services allow assets to be frozen if malicious activity is suspected, while also facilitating easier transactions and protecting accounts from cyberattacks. "Custody services are the backbone of the cryptocurrency economy. Currently, these services are mostly in the hands of foreign private companies, which poses a significant risk," said Gleb Zemskoy, director of blockchain technology and digital currency development at Insight Finance. *This is not investment advice.

Russia’s Largest Bank Announces Cryptocurrency Development Expected in the Country for Years

Sberbank's crypto custody services could enhance Russia's digital asset infrastructure, potentially reducing reliance on foreign entities.

The post Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks appeared first on Crypto Briefing.

Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks

7月17日新闻，据路透社报道，俄罗斯最大银行Sberbank周四表示，希望为俄罗斯的加密货币资产提供托管服务，努力在俄罗斯数字资产的发展中发挥领导作用。Sberbank替代支付解决方案部门执行董事Anatoly Pronin表示，看到越来越多国外银行开始提供托管服务后，该银行已向中央银行提交了关于国内加密资产监管的提案。Pronin在一次关于加密货币监管的讨论会上表示，俄罗斯联邦储蓄银行的提案将使加密货币资产的监管类似于银行账户资产的监管，银行将确保代币的安全。代表客户保管加密资产意味着如果执法机构怀疑存在不当行为，这些资产可能会被冻结，但此举将使交易操作更加便利，并保护账户免受黑客攻击。[PANews]

俄罗斯最大的银行Sberbank计划为俄罗斯的加密资产提供托管服务

7月17日新聞，據路透社報道，俄羅斯最大銀行Sberbank週四表示，希望爲俄羅斯的加密貨幣資產提供託管服務，努力在俄羅斯數字資產的發展中發揮領導作用。Sberbank替代支付解決方案部門執行董事Anatoly Pronin表示，看到越來越多國外銀行開始提供託管服務後，該銀行已向中央銀行提交了關於國內加密資產監管的提案。Pronin在一次關於加密貨幣監管的討論會上表示，俄羅斯聯邦儲蓄銀行的提案將使加密貨幣資產的監管類似於銀行賬戶資產的監管，銀行將確保代幣的安全。代表客戶保管加密資產意味着如果執法機構懷疑存在不當行爲，這些資產可能會被凍結，但此舉將使交易操作更加便利，並保護賬戶免受黑客攻擊。[PANews]