Russia’s largest bank, Sberbank, is set to launch crypto trading on the 1st of December, a move that could accelerate the country’s institutional adoption of digital assets. 

Earlier this week, the Central Bank of Russia approved Sberbank to operate a digital asset exchange. Last month, the regulator also gave the bank the green light for crypto custody. Speaking on the development, Sberbank said, 

This status will allow the bank to provide services related to organizing the circulation of digital currency on interfaces which clients already use.

This would bring the list of approved firms that can operate as digital asset exchanges to nine, including Sberbank, T-Invest and VTB. Exchanges are mandated to handle crypto…