Key Insights:
- Crypto News: Sberbank awaits approval to offer crypto trading and custody services in Russia.
- Central Bank plans stricter KYC rules and monitoring of crypto holdings.
- New framework may allow regulated crypto investing with limits for retail users.
In Russian crypto news, the country’s largest bank, Sberbank, is entering the digital asset industry. As per the latest reports, the bank is waiting for approval from authorities to launch crypto trading and custody services.
Significantly, the move comes as the Bank of Russia works on a new framework that could formally allow regulated crypto investments in the country.
If approved, the initiative could mark a major step toward integrating cryptocurrencies…
