Regulation· ★★★★· bullish·

Sberbank files application with Bank of Russia for digital depository status

  • —The status is required to custody client digital assets and transfer rights to them
  • —Initial assets will be BTC, ETH and USDT
  • —Services will be integrated into Sberbank Online, SberInvestments and SberBusiness
  • —Product launch is targeted for December 1, subject to central bank approval
Why it matters: Russia's largest bank is moving into regulated crypto infrastructure, setting a precedent for other lenders and opening crypto access to a mass client base.
#BTC#ETH#USDT
Source: BeInCrypto RU
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