Russia’s Sberbank Given Green Light to Custody Bitcoin
Bitcoin Magazine Russia’s Sberbank Given Green Light to Custody Bitcoin Russia’s largest bank has announced it is the first in the country to have been approved to custody bitcoin. Sberbank said in an announcement Wednesday that the Bank of Russia gave the company the green light for “digital cur
Source: Bitcoin Magazine
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DW NOTE
Sberbank holds $535 billion in assets and reports directly to a Kremlin that has spent 32 months seizing private property, freezing foreign accounts, and rewriting contract law by decree. The same regulatory apparatus that just approved its custody licence also engineered the confiscation of $300 billion in Russian central bank reserves. Custody implies property rights, and Russia has demonstrated it considers those conditional.