Russia’s largest bank, Sberbank, has been officially approved as a cryptocurrency custodian to launch Bitcoin, Ethereum, and USDT products. Sberbank plans to formally launch its first custody services and financial products tied to these crypto assets on December 1. Under the new regulations backed by the Central Bank of Russia, financial institutions must treat digital deposits similarly to traditional assets and securities.
Although traditional banking is rapidly embracing custody and the possibility of offering investment products or loans backed by crypto assets, the government continues to strictly prohibit the use of cryptocurrencies as a means of payment for goods and services nationwide. This shift by Russian banks toward crypto assets is largely driven by the need to seek alternatives and mitigate the impact of international sanctions.
📢 Grayscale defends Zcash: AI makes cryptocurrency privacy more urgent
Grayscale argues that artificial intelligence has changed the rules of cryptocurrency privacy. In a column published on October 7, 2026, in CoinDesk’s Crypto Long & Short newsletter, Michael Zhao of Grayscale Research argues that Bitcoin’s transparency was tolerable when linking an address to a person cost…
#Rusia #SberbankBTC #BTC #zec #zcash $BTC $ZEC
Although traditional banking is rapidly embracing custody and the possibility of offering investment products or loans backed by crypto assets, the government continues to strictly prohibit the use of cryptocurrencies as a means of payment for goods and services nationwide. This shift by Russian banks toward crypto assets is largely driven by the need to seek alternatives and mitigate the impact of international sanctions.
📢 Grayscale defends Zcash: AI makes cryptocurrency privacy more urgent
Grayscale argues that artificial intelligence has changed the rules of cryptocurrency privacy. In a column published on October 7, 2026, in CoinDesk’s Crypto Long & Short newsletter, Michael Zhao of Grayscale Research argues that Bitcoin’s transparency was tolerable when linking an address to a person cost…
#Rusia #SberbankBTC #BTC #zec #zcash $BTC $ZEC