Sberbank, Russia’s largest lender, now has the Bank of Russia’s approval to run crypto exchange services. The central bank added it to its register of authorized crypto exchange operators on Oct. 12, and Sberbank plans to launch its first crypto products on Dec. 1.

For someone who banks with Sberbank, the change is about where crypto sits. The bank said the new status lets it offer crypto services inside the apps its customers already have, rather than sending them to a separate platform. In the bank’s own words:

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

The exchange listing follows Sberbank’s earlier clearance to custody crypto….