Sberbank Wins Russian Central Bank Approval for Bitcoin Custody
Image: Bitcoin MagazineRussia's largest bank Sberbank has received approval from the Bank of Russia to custody Bitcoin and other digital currencies. The approval covers digital currency record-keeping and transfer services. Sberbank will offer the service through its existing online banking platforms, with no separate app planned. A limited group of customers will access the service first before a wider rollout. Using cryptocurrency as legal tender within Russia remains prohibited.
Key points
- Sberbank received Bank of Russia approval to custody Bitcoin and other digital currencies.
- The approval covers digital currency record-keeping and transfer services.
- Sberbank will offer custody services via its existing online banking platforms with no separate app planned.
- The service will launch first for a limited customer group before wider rollout.
- Using cryptocurrency as legal tender within Russia remains prohibited.
Why it matters
This approval lets Russian users access Bitcoin custody through familiar banking interfaces with standard identity checks and transaction monitoring. It advances Russia's formal regulatory framework for digital assets while crypto payment use stays prohibited.
Price context · BTC
At publication
$83,121.00
Now
$83,411.00
Change since
+0.35%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Sberbank Wins Bitcoin Custody Approval in Russia
Coverage timeline
- First reported by Bitcoin Magazine
- Confirmed by Blockonomi
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
