Key Takeaways:

• Sberbank readies crypto trading for its 110M clients, awaiting upcoming Bank of Russia regulations next.
• Following a December loan to Intelion, Sberbank plans to expand crypto-backed lending to more firms next.
• A December Bank of Russia draft caps retail buys at $4,000 yearly, paving the way for future market access.

Sberbank Ready To Offer Crypto Services As Soon As Regulation Arises

Cryptocurrencies are poised to make inroads into the Russian banking system as soon as a regulatory framework for these assets is established.

Sberbank, one of the largest banks in Russia and Europe serving over 110 million retail customers, could be the first institution to open cryptocurrency custody and trading services to its…