Russia's largest bank, Sberbank, has been approved to conduct cryptocurrency transactions.

BlockBeats news, October 13: Russia's largest bank, Sberbank, has been approved to conduct cryptocurrency trading, marking Moscow's further push to bring cryptocurrency trading and custody services into the regulated financial system.

The Central Bank of Russia has included Sberbank in the registry of cryptocurrency trading service providers. Earlier this month, the bank was added to the registry of digital depository institutions, allowing it to record clients' holdings of crypto assets. Currently, there are 9 institutions in the registry of cryptocurrency trading service providers.