Sberbank Gets Crypto Approval, Plans Bitcoin Access in Its Apps
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Russia’s largest bank has secured custody and exchange status under a new crypto law and plans to offer Bitcoin, Ethereum and USDT through its apps.
Sberbank, Russia’s largest bank, has received approval to act as a cryptocurrency custodian and exchange under the country’s new crypto law, according to Decrypt.
The bank plans to make Bitcoin, Ethereum and the USDT stablecoin available through its apps, which serve 110 million retail customers.
The approval gives Sberbank both custody and exchange status, but the report does not specify when the planned crypto services will become available to customers.
Source: Decrypt
