1 week ago
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Key Takeaways
- Depository records ownership beyond public blockchains.
- Withdrawal and custody terms remain undisclosed.
- New law centres licensed financial intermediaries.
- EU restrictions favour domestic crypto infrastructure.
According to a July 24 report from Interfax, the depository would record clients’ rights to cryptocurrency and account for activity outside the asset’s main blockchain. Separate active wallets would process transfers requested by customers.
The distinction matters because Sber is not merely adding a buy-and-sell button to its banking application. It is building a custody and accounting layer that could place the bank’s own records between customers and public blockchain networks.
This could make trading and account recovery easier, but the level of control given to users remains unclear. Sber has not said whether customers will receive individual blockchain addresses or whether assets will be held in pooled wallets under the bank’s...
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