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Russias largest bank Sberbank plans to provide custody services for Russian crypto assets
Odaily News Sberbank, Russias largest bank, said on Thursday it hopes to provide custody services for Russian cryptocurrency assets, seeking to play a leading role in the development of digital assets in Russia. Anatoly Pronin, executive director of Sberbanks alternative payment solutions department, said the bank has submitted a proposal to the central bank on the regulation of domestic crypto assets after seeing more and more banks abroad begin to provide custody services. Pronin said at a discussion on cryptocurrency regulation that Sberbanks proposal would regulate cryptocurrency assets in a similar way to bank account assets, and the bank would ensure the security of tokens. Safekeeping crypto assets on behalf of customers means that if law enforcement agencies suspect misconduct, the assets may be frozen, but this move will make trading operations more convenient and protect accounts from hacker attacks. (Reuters)
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