🏦 LATEST: Sberbank, Russia’s largest bank, says it is the first bank in the country approved by the Bank of Russia to provide custody for Bitcoin and other cryptocurrencies.$TAO
What is happening?
• Sberbank says it has received approval from the Bank of Russia $LINK
• The bank will provide custody services for Bitcoin and other cryptocurrencies
• Sberbank is positioning itself as the first Russian bank authorized for crypto custody
• The move brings regulated banking infrastructure deeper into Russia’s digital-asset market $SOL
What this suggests
The approval could mark another step toward greater institutional involvement in cryptocurrency custody within Russia’s financial system.
Market takeaway: Sberbank’s entry into regulated crypto custody highlights the growing role of traditional banks in digital-asset infrastructure.
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