4 weeks ago
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Key Takeaways
- Alfa-Bank plans to create its own digital custodian once Russia’s crypto legislation takes effect.
- The bank expects retail brokerage-style crypto services to emerge gradually from late 2026 or early 2027.
- Meaningful liquidity in Russia’s regulated crypto market may not appear until late 2027.
Alfa-Bank’s plan shows where Russia’s crypto market is heading. The country is not simply opening the door to digital assets; it is building a bank-led structure where access, custody, brokerage, and compliance sit inside licensed financial institutions.
According to Plusworld, Dmitry Vitman, Chief Operating Officer of Alfa-Bank’s corporate and investment banking division, said the bank intends to offer services related to digital currencies after the regulatory law is adopted. The first priority is a digital custodian, which Alfa-Bank also plans to offer to other companies.
That makes custody the foundation of the model. Before Russia can build a deeper crypto trading market, ba...
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