Traditional banking giants enter the fray, taking another big step in crypto compliance. Let's sit back and wait for the September bill to land and watch the show.

Russia's largest bank, Sberbank, plans to launch cryptocurrency wallets and digital custody services before December, following the passage of relevant digital asset legislation, and will integrate them into the Sberbank Online and SberInvestments platforms. The bill is expected to take effect on September 1, establishing a licensing framework for crypto trading, custody, fiat exchange, and cross-border settlements. Sberbank stated that the new wallets will allow customers to access authorized cryptocurrencies within the bank's own applications. (CoinDesk)