Major Banks Start Offering Cryptocurrency Services to Wealthy Clients

Investors can take advantage of cross-border digital asset transfers despite the lack of clear regulation

Wealthy clients of major banks have begun receiving offers for cryptocurrency transactions. This includes cross-border transfers, deposits, and investments in crypto funds. This was reported by journalists citing industry sources.

Lawyers note that such operations are not prohibited, but banks deny providing such services. In the context of a ban on cryptocurrency advertising and the absence of clear regulation, experts advise using chains of intermediaries, including offshore jurisdictions.

An unnamed client of Alfa-Bank claims that he was offered to invest in crypto assets. The presentation mentions transactions using cryptocurrencies, deposits in USDT, and investments in virtual currencies.

Market sources believe that similar services are offered by other financial institutions, such as T-Bank and Sberbank, as well as the company "Tsifra Broker," which, according to rumors, operates through affiliated exchangers in the CIS.

Representatives of Alfa-Bank stated that "the bank does not provide such services," and the information was provided "upon individual request of the client."

Aisha Kubezova, head of Sberbank's brokerage business, emphasized that the bank does not conduct operations with digital currencies due to the lack of the necessary regulatory framework. The company "Tsifra Broker" also reported that access to cryptocurrencies is not provided. T-Bank declined to comment.

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