Jul 9
Alfa-Bank is testing crypto as Russia’s banking race heats up
Alfa-Bank plans crypto custody and trading services as Russia’s new digital asset rules push major banks into regulated crypto services now.
➤ Alfa-Bank is preparing to offer crypto custody and trading services in Russia, following new digital asset regulations. ➤ The bank aims to establish a digital depository and integrate crypto services into its investment app, with a potential retail launch in late 2026. ➤ Other major Russian banks like Sberbank, T-Bank, and VTB are also developing similar regulated crypto offerings, indicating a broader trend in the Russian banking sector.