This shift comes as Russia adapts to a changing global financial landscape. Faced with Western sanctions and evolving international trade dynamics, the country has turned toward blockchain and crypto as strategic tools for economic flexibility.

Speaking to local media, Sberbank’s Anatoly Pronin confirmed the bank had drafted a regulatory proposal aimed at allowing crypto custody similar to traditional banking. The plan includes protections such as asset freezing in cases of illicit use, underscoring the bank’s intention to combine innovation with compliance.

While crypto was once treated cautiously by Russian authorities, recent legal reforms have made room for its use in cross-border transactions. These changes have helped spark broader adoption, especially among institutions seeking to bypass legacy financial systems.

Sberbank, already active in blockchain experimentation, recently issued a Bitcoin-linked bond now trading over-the-counter, with a possible listing on domestic exchanges in sight. The bank’s growing interest in digital finance reflects a national pivot: Russia is currently developing a government-backed crypto exchange designed to serve wealthy individuals and institutions under a controlled legal framework.

The country’s financial evolution, once driven by necessity, is increasingly looking like a long-term strategy.

The post Russia’s Largest Bank Prepares to Store Crypto Assets appeared first on Coindoo.

---

Filed under: Bitcoin - @ July 18, 2025 12:16 am