Russia’s largest bank is set to enter the crypto space with plans to launch a digital wallet, following regulatory approval from authorities in Moscow. This move signals growing institutional interest in cryptocurrency within the country’s financial sector, as reported by CoinDesk.
The approval from Moscow clears the way for the bank to offer crypto services, potentially expanding access to digital assets for its customer base. Details on the wallet’s features or launch timeline have yet to be disclosed.
For Japanese investors and market participants, this development underscores the evolving regulatory landscape for crypto in major economies, highlighting potential shifts in how traditional financial institutions engage with digital assets globally.