Russia's Largest Bank Approved to Enter Crypto Trading Market
🏦 The Central Bank of Russia has added Sberbank, the country's largest bank, to its register of authorized cryptocurrency exchange operators, according to information released on October 12.
📊 Sberbank had previously been registered as a digital asset depository. With both authorizations, the bank can trade crypto using its own capital while providing asset ownership recording and transfer services to clients.
📱 Sberbank plans to launch its first crypto products on December 1, 2026, through its existing banking platforms. BTC, ETH, and USDT are among the assets being tested, although the final list remains subject to regulatory approval.
⚖️ The move marks another step toward expanding crypto access through Russia's banking system. However, domestic crypto payments remain prohibited, and investment activities face regulatory restrictions, suggesting a limited near-term impact on global markets.
#CryptoAdoption $BTC $ETH
🏦 The Central Bank of Russia has added Sberbank, the country's largest bank, to its register of authorized cryptocurrency exchange operators, according to information released on October 12.
📊 Sberbank had previously been registered as a digital asset depository. With both authorizations, the bank can trade crypto using its own capital while providing asset ownership recording and transfer services to clients.
📱 Sberbank plans to launch its first crypto products on December 1, 2026, through its existing banking platforms. BTC, ETH, and USDT are among the assets being tested, although the final list remains subject to regulatory approval.
⚖️ The move marks another step toward expanding crypto access through Russia's banking system. However, domestic crypto payments remain prohibited, and investment activities face regulatory restrictions, suggesting a limited near-term impact on global markets.
#CryptoAdoption $BTC $ETH