Russia’s largest bank Sberbank plans crypto trading infrastructure by December
11 Articles
11 Articles
Sberbank, Russia's largest bank, prepares a cryptocurrency trading and custody infrastructure by December, in the midst of a new regulatory framework that will limit assets available to the public and keep cryptoactive payments banned. *** Sberbank plans to launch a crypto trading infrastructure and digital deposit by December 1. The new Russian rules will enter into force on September 1, although obligations for licensed intermediaries will beg…
Crypto Trading in Russia: Sber Targets December Launch
Key Takeaways Depository records ownership beyond public blockchains. Withdrawal and custody terms remain undisclosed. New law centres licensed financial intermediaries. EU restrictions favour domestic crypto infrastructure. According to a July 24 report from Interfax, the depository would record clients’ rights to cryptocurrency and account for activity outside the asset’s main blockchain. Separate active wallets would process transfers reques…
Russia's Largest Bank Sberbank Plans to Build Crypto Custody System by Dec. 1
TLDR: Sberbank plans crypto depository and trading infrastructure launch by December 1 this year. Russia’s new crypto regulatory framework takes effect Sept. 1, tightening by July 2027. Only cryptocurrencies above $64B market cap qualify for public exchange trading access. Sberbank previously piloted bitcoin bonds and bitcoin-backed lending with miner Intelion Data. Russia’s largest bank Sberbank plans crypto trading infrastructure ahead of a D…
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