Russian bank Sberbank plans to offer crypto asset custody services
Powered by ChatGPTOn 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]