Alfa-Bank Enters Crypto Custody Race As Russia’s Largest Private Bank Prepares For New Legislation
The post Alfa-Bank Enters Crypto Custody Race As Russia’s Largest Private Bank Prepares For New Legislation appeared on BitcoinEthereumNews.com. While large U.S. banks are lobbying to water down a landmark crypto bill days before a Senate vote, Russia’s biggest private bank is racing into digital assets. Alfa-Bank announced plans to become a regulated digital asset custodian and offer crypto-related services to both retail and institutional clients, according to the original report from WuBlockchain. The move marks a sharp institutional turn at a moment when Russian authorities are rewriting the legal framework for crypto. The bank intends to develop investment products built on public blockchains, aiming to attract international investors. The timing is no coincidence: the services will move forward only after Russia’s new cryptocurrency legislation takes effect. Details of that law remain closely watched by market participants inside and outside Russia, because it will define the bou