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Russia’s Sberbank Plans Crypto Wallet Launch by Year-End

Russia’s Sberbank Plans Crypto Wallet Launch by Year-End

  • Russia’s largest bank, Sberbank, plans to launch a crypto wallet service in December.
  • Russia said the law on digital currency and digital rights under review in parliament will take effect on Sept. 1.
  • The bill sets licensing rules for crypto trading, custody, fiat exchange and cross-border payments and would allow retail investors to trade within an annual limit of about 300,000 rubles.

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Photo: Shutterstock
Photo: Shutterstock

Russia’s largest bank, Sberbank, plans to launch a crypto wallet service by the end of this year as the government speeds up efforts to formalize the digital-asset market and major financial institutions move deeper into the sector.

CoinDesk reported on July…

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