On October 29, 2020, a privately-owned Russian bank Gazprombank has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to offer custodial #crypto services to institutional and corporate entities. These services will include “insitutional-grade” storage solutions and the ability to purchase and sell #Bitcoin. In the future #Gazprombank plans to slowly increase the scope of their services to include other #crypto-currencies and other services.

CEO Roman Abdulin explains “We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential clientele. Being committed to continuous financial innovation, we strive to offer our clients advanced banking services at the highest level of quality. Our blockchain solution provides uncompromising security as well as ease of use. We are very pleased to be
able to offer these services to our clients after years of professional development using top industry know-how. The authorization by the Swiss regulator FINMA marks a very important milestone for Gazprombank”

Reported by Gazprombank