Russia's largest bank plans crypto wallet launch as Moscow clears market path

CoinDesk·

Russia's largest bank plans crypto wallet launch as Moscow clears market path

60-second summary

Russia's largest bank, Sberbank, is planning to launch a crypto wallet service, integrating it into existing platforms "Sberbank Online" and "SberInvestments", pending the September implementation of the "On Digital Currency and Digital Rights" bill. This move comes as Moscow clears regulatory hurdles, paving the way for mainstream adoption of cryptocurrencies in the country's financial sector.

Services will integrate into "Sberbank Online" and "SberInvestments" once the "On Digital Currency and Digital Rights" bill takes effect in September.