Sberbank Approved to Join Russia’s Crypto Trading Register
Russia’s largest bank Sberbank secures approval to trade crypto
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Russia’s largest bank, Sberbank, has joined Bank of Russia’s register of crypto trading service providers and plans to open crypto trading to all customers on December 1. The bank has tested BTC, ETH and USDT trading in its app while also advancing its digital custody and crypto wallet businesses. Crypto payments remain prohibited in Russia, and from July 2027, related transactions must be conducted through registered intermediaries.
The registration brings Sberbank’s trading and digital custody businesses into Russia’s regulated market, while also showing the regulatory boundary between opening access to customers and maintaining a ban on payments.
Source:CoinDesk · coindesk.com