Russia’s Alfa-Bank Plans Regulated Crypto Custody Services
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Alfa-Bank, Russia’s largest private bank, is preparing a regulated digital depository, blockchain-based investment products and has begun testing crypto trading for qualified investors via Alfa-Investments, signaling institutional adoption of crypto custody and trading services. Broader retail rollout and the full market impact remain contingent on passage and details of Russia’s new crypto legislation, so adoption and security frameworks hinge on the upcoming law.
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- Alfa-Bank plans a regulated crypto depository and blockchain-based investment products.
- Alfa-Bank has begun testing crypto trading for qualified investors through Alfa-Investments.
- Russia’s new crypto bill will determine whether Alfa-Bank launches retail services.
Alfa-Bank is preparing to expand into cryptocurrency services as Russia moves to implement a new legal system for digital assets. The country’s largest private bank said its plans include creating a regulated digital depository, offering crypto-related services to clients, and developing investment products built on public blockchains.
While the initiative acts as another move in Russia’s digital asset market, the bank said its rollout remains tied to the implementation of the country’s cryptocurrency legislation, with executives stating that key services are expected to become available only after th…
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