Russia's largest private bank Alfa plans to launch crypto custody and trading services

CoinFeed July 9 news, according to Solid Intel reports, Russia's largest private bank Alfa plans to launch cryptocurrency brokerage services for retail clients by late 2026 to early 2027, subsequently establish an integrated digital asset custody and trading platform, and issue blockchain-based investment products targeting foreign investors. The above plans are based on Russia's crypto law, which completed its first reading in the State Duma in April this year and is expected to take effect around September 1. Sources say that Sber, VTB, and T-Bank are also advancing similar businesses, and the overall framework will be uniformly supervised by the Central Bank of Russia.