Sberbank Targets Dec. 1 Launch for Regulated Crypto Depository

From financefeeds.com

Sberbank plans to launch cryptocurrency trading infrastructure and a digital asset depository by Dec. 1, giving Russia’s largest bank a central role in the country’s attempt to move crypto trading, custody and settlement into regulated financial channels. The planned depository will maintain records of clients’ cryptocurrency ownership and process most transactions through its internal accounting system rather than recording every transfer directly on a public blockchain. Sberbank will also operate active wallets that support client deposits, withdrawals and transfers. This structure would resemble traditional ... (full story)