In brief
- The Bank of Russia added Sberbank to its register of crypto exchange operators on October 12, six days after listing it as a digital depository.
- Sberbank plans to launch its first crypto products on December 1 inside SberBank Online, SberInvestments and SberBusiness, starting with Bitcoin, Ethereum and USDT.
- Retail buyers face a 300,000 ruble annual cap per intermediary and a mandatory knowledge test, and paying for goods with crypto remains illegal in Russia.
The Bank of Russia has added Sberbank to its register of organizations authorized to exchange digital currencies, clearing the country’s largest lender to buy and sell crypto in its own name and with its own money. The decision was posted on the regulator’s website,…
