Russia’s Sberbank has received approval from the Bank of Russia to custody Bitcoin and facilitate cryptocurrency transfers. This authorization follows President Vladimir Putin signing a law regulating digital currencies in the country. Customers will be able to conduct cryptocurrency transactions through Sberbank’s existing banking platforms, including SberBank Online and SberBusiness. However, using cryptocurrencies as a means of payment remains banned in Russia since 2022.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
