**Russia's biggest bank just got licensed to hold crypto.**
The Bank of Russia published its first-ever registers of licensed crypto operators on Tuesday: 4 exchange operators, 5 custodians.
Sberbank — the country's largest bank — made the custodian list. It says its first crypto products launch on December 1, starting with $BTC, $ETH and $USDT, inside SberBank Online and its investment platforms.
VTB Bank made both lists.
This follows the crypto law Putin signed in August, putting the whole market under central bank oversight. One catch: using crypto to pay for goods and services in Russia stays banned.
My take: the real story is distribution. When a bank that big puts crypto inside the app everyone already uses, adoption stops being a headline and becomes plumbing.
Would you buy your first crypto from your bank? 👇
#CryptoNews #Bitcoin #Adoption
DYOR
The Bank of Russia published its first-ever registers of licensed crypto operators on Tuesday: 4 exchange operators, 5 custodians.
Sberbank — the country's largest bank — made the custodian list. It says its first crypto products launch on December 1, starting with $BTC, $ETH and $USDT, inside SberBank Online and its investment platforms.
VTB Bank made both lists.
This follows the crypto law Putin signed in August, putting the whole market under central bank oversight. One catch: using crypto to pay for goods and services in Russia stays banned.
My take: the real story is distribution. When a bank that big puts crypto inside the app everyone already uses, adoption stops being a headline and becomes plumbing.
Would you buy your first crypto from your bank? 👇
#CryptoNews #Bitcoin #Adoption
DYOR
