VTB, Russia's second-largest bank, plans to launch cryptocurrency trading services through brokerage accounts in 2026.
Related
Russia's largest bank, Sberbank, plans to launch compliant crypto wallets and custody services this year.
PANews reported on July 6th that, according to CoinDesk, Russia's largest bank, Sberbank, plans to launch a cryptocurrency wallet and digital custody vault by December, provided the "Digital Currency and Digital Rights Law" officially takes effect in September. The service will be integrated into the "Sberbank Online" and "SberInvestments" apps, providing customers with access to authorized crypto assets within the banking system. The new law will establish a licensing framework for crypto trading, custody, fiat currency exchange, and cross-border settlement, with a trading limit of approximately 300,000 rubles (about $3,800) per year for non-accredited investors. Other large banks, including VTB and T-Bank, are also preparing related digital custody services.
Binance bStocks pass xStocks as second-largest tokenized stock issuer
Binance bStocks became the second-largest tokenized stock issuer less than two months after launch, narrowly ahead of Kraken’s xStocks.
Privy has launched a fiat currency deposit channel, supporting the direct purchase of cryptocurrencies via bank cards.
According to Foresight News , decentralized wallet infrastructure provider Privy has announced the launch of fiat onramp functionality on its platform. Users can now directly purchase cryptocurrency using their bank cards within apps integrated with Privy, without needing to switch to other platforms. This feature is supported in the US and EU by Stripe's Crypto Onramp, and combined with Privy's own aggregator covering over 100 other countries and regions, developers can directly transfer funds to designated target wallets with a single integration.
Russia's State Duma approved the final version of the cryptocurrency regulation bill, removing the mandatory requirement to declare wallet addresses.
According to Mars Finance, the Russian State Duma Financial Market Committee has approved the final version of the government's cryptocurrency regulatory bill, which will be submitted for a second reading. Committee Chairman Anatoly Aksakov revealed that the second reading version makes several key adjustments: the requirement to mandatorily declare cryptocurrency wallet addresses has been removed, replaced by only requiring the declaration of balances and transaction records to protect residents from the risk of sensitive information leaks; new amendments allow the legal purchase of securities in the securities market and Russian digital financial assets using cryptocurrencies. In the future, it may allow legitimate Russian brokers and asset managers to trade on foreign crypto exchage, but additional requirements such as jurisdictional "friendliness" must be met. For non-professional investors, the annual limit through a single intermediary is 300,000 rubles, and only for "the most liquid cryptocurrencies." The bill also introduces a two-day freeze on large transfers abroad and to third parties. Aksakov did not specify whether the proposal to ban Russians from using non-custodial cryptocurrency wallets is retained.
German banks are accelerating the rollout of crypto trading services, with related services expected to launch in the coming months.
According to a Bloomberg report, the German financial system is experiencing rapid expansion of crypto asset services. Several local financial institutions, including cooperative banks and savings banks, are planning to launch cryptocurrency trading services for retail customers, allowing users to buy and sell virtual assets directly without going through third-party trading platforms. It is understood that German banks, which have long served local households and businesses, are gradually embedding crypto trading functionality into their existing retail banking systems. These services are expected to be launched in the coming months. This trend demonstrates that the traditional German banking system is accelerating its embrace of the digital asset market within a compliant framework, which may further promote the penetration of cryptocurrencies into the mainstream European financial system.
SecondFi has released an update on the latest theft incident: "Isolation Mode" will be launched this week, and a secure wallet export function is planned for release next week.
PANews reported on July 8th that SecondFi, the Cardano wallet service provider, released an update on the latest theft incident, stating that an "isolation mode" will be launched this week, allowing users to check if their wallet address is involved in the incident and submit a support ticket. Next week, they plan to launch a secure wallet export function, providing a safer wallet migration path for users of different skill levels. SecondFi reiterated that it will provide potential asset recovery solutions for wallets confirmed to be affected through its process, expected to be through zero-knowledge proof-based recovery tools with defined eligibility and terms. The official statement also emphasized that they will not request private keys or seed phrase, and users should only operate through the official website support and designated checking tools.