Russia’s Sberbank Seeks To Offer Crypto Custody Services For Domestic Assets

Key Points

1. Sberbank, Russia's largest bank, is planning to provide digital asset custody services for the domestic market.

2. The move aligns with Russian firms and financial institutions exploring crypto asset custody.

3. Sberbank's Executive Director, Anatoly Pronin, cited easing regulations in other jurisdictions as motivation.

4. Major institutions globally, including Bank of America and JPMorgan, are increasing their involvement in stablecoin initiatives.

5. Hong Kong's lawmakers and the U.S. Senate's GENIUS Act indicate growing regulatory support for digital assets.