Alfa-Bank is testing crypto as Russia’s banking race heats up
The post Alfa-Bank is testing crypto as Russia’s banking race heats up appeared on BitcoinEthereumNews.com. Russia’s largest private bank,Alfa-Bank, plans to offer crypto-related services after Russia’s new digital currency rules take effect. The bank wants to become a regulated digital depository and serve its own clients as well as other legal entities. The plan places Alfa-Bank in the same field as state-linked and large digital banks that are preparing licensed crypto access. Summary Alfa-Bank wants a digital depository before offering wider crypto services under Russia’s planned rules framework. Sberbank, T-Bank and VTB plans show Russia’s banking sector is preparing for regulated crypto access. Retail launch timing still depends on final rules, app access and market liquidity by 2027. Dmitry Vitman, chief operating officer at Alfa-Bank’s corporate and investment business, said the bank must first build its own custody base. “Alfa-Bank plans to offer various services related to di