According to ChainCatcher, citing Reuters, Russia's largest bank, Sberbank, stated on Thursday that it hopes to provide custody services for Russian cryptocurrency assets, aiming to play a leading role in the development of digital assets in Russia.
Anatoly Pronin, Executive Director of Sberbank's Alternative Payment Solutions Department, said that after seeing more and more foreign banks begin to offer custody services, the bank has submitted a proposal to the central bank regarding the regulation of domestic crypto assets.
Pronin stated at a cryptocurrency regulation discussion that Sberbank's proposal would make the regulation of cryptocurrency assets similar to that of bank account assets, and the bank would ensure the safety of tokens. Holding crypto assets on behalf of clients means that if law enforcement suspects misconduct, these assets could be frozen, but this move could make transactions more convenient and protect accounts from hacker attacks.
