Soon the clients of Sberbank, the largest bank in Russia, will get access to a new crypto trading service that will allow them to buy and sell digital assets.
Anatoly Popov, vice president of Sberbank, announced that the proposal to launch the new service will be implemented this month, after the originally planned launch was delayed in April. He expressed optimism about the positive aspects that such a service will bring to Moscow, as it will allow billions of rubles to be pumped into digital assets and contribute to the web3 global economy.
The bank made the decision to launch a crypto trading service based in part on the assumption that cryptocurrencies will become a significant part of daily transactions in the future. The inclusion of the possibility of trading cryptocurrencies through the largest financial institution in Russia will undoubtedly attract more foreign investors interested in this area.
The attitude towards cryptography on a global scale varies. In the USA, for example, all the possibilities of institutional regulation are used to suppress illegal or questionable activities in this industry. Recently, cryptocurrency exchanges Coinbase and Binance have also faced negative consequences as a result of accusations from the Securities and Exchange Commission.
However, the developments taking place in this area can be seen as the next stage in the development of the market, as it gradually matures. These developments do not necessarily mean a complete limitation of the influence of this sector.
Legislative measures are currently being actively developed around the world in order to reduce crime in the field of cryptocurrency trading and create the basis for a common international structure of digital assets. Sberbank’s active approach indicates an optimistic view of this process and Russia’s commitment to support this development.
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