Russia’s Largest Private Bank Alfa-Bank To Test Bitcoin And Crypto Trading
The post Russia’s Largest Private Bank Alfa-Bank To Test Bitcoin And Crypto Trading appeared on BitcoinEthereumNews.com. Alfa-Bank, Russia’s largest private lender, is preparing to launch its own digital depository and a full slate of crypto services once national regulation takes effect, joining a widening race among Russian banks to capture a market that does not yet legally exist. Dmitry Vitman, chief operating officer of Alfa-Bank’s corporate and investment business, told RBC Investments that the bank intends to offer “all possible services related to digital currencies” once the relevant legislation comes into force. “First and foremost, we plan to create our own digital depository and offer its services to other companies,” he said. Under the framework expected to govern the market, a digital depository would record and store cryptocurrency and digital financial assets, monitor client transactions, and block transfers to addresses not sanctioned by authorities. Firms that alread