Russia’s Sberbank Confirms Work on Crypto Services as Regulatory Talks Continue
Russia’s largest state owned bank, Sberbank, has confirmed it is working on cryptocurrency related services, marking a notable development in the country’s tightly controlled digital asset landscape. Senior executives said the bank is developing offerings tied to crypto assets while coordinating closely with regulators.
The confirmation follows public comments by Sberbank executives and earlier reporting that the bank has submitted proposals to the Central Bank of Russia on how crypto assets could be handled within the existing financial system. While details remain limited, officials framed the effort as cautious and structured rather than a rapid consumer rollout.
Russia has restricted the domestic use of cryptocurrencies for…
