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Russia's largest private bank, Alfa Bank, plans to offer cryptocurrency services to clients.

MarsBitNews
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Mars Finance reports, citing Bits.media, that Alfa-Bank—the largest private bank in Russia—has announced plans to become a digital custodian and provide cryptocurrency-related services, not only for its own customers but also for other corporate entities. Alfa-Bank’s Director of Operations, Dmitry Vitman, said the bank wants to create investment tools based on open blockchains to attract foreign investors, and develop its own products and tools that can compete in international markets. He expects that after the government’s crypto regulatory bill takes effect, Russia may see retail brokerage business appear between the end of 2026 and the beginning of 2027, involving both Russian and foreign infrastructure, but large-scale liquidity is not expected to arrive any earlier than the end of 2027. Digital custodians are regulated entities that, under Russian law, are responsible for monitoring all customers’ crypto transactions and freezing transfers to addresses that have not been approved by the state.
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