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Russia’s Biggest Bank Aims to Enter the Crypto Space

Russia’s Biggest Bank Aims to Enter the Crypto Space

Russia’s biggest bank reportedly plans to offer a crypto wallet and digital depository this year.

That’s according to a report Monday (July 6) from CoinDesk, which says this move will bring Sberbank into a market Russia has spent years hoping to contain.

The new services will become part of the Sberbank Online and SberInvestments platforms once Russia adopts its bill “On Digital Currency and Digital Rights,” set to take effect in September, the report said.

The wallet would let Sberbank clients access authorized cryptocurrencies inside the bank’s apps. Sberbank also plans to create a digital depository for cryptocurrency tokens, CoinDesk added.

“As regulations emerge, we will prepare a service for our clients….

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