Sberbank has secured the Bank of Russia’s approval to provide cryptocurrency exchange services, joining nine registered operators ahead of its planned Dec. 1 product launch.
Summary
- Nine organizations now appear in Russia’s cryptocurrency exchange register, including Sberbank, VTB and T-Invest Lab.
- Sberbank plans to offer its first crypto products on Dec. 1 through existing customer platforms.
- Registered firms must follow transaction rules immediately and meet remaining requirements by Sept. 1, 2027.
- U.S. Treasury sanctions rules cover cryptocurrency transactions involving blocked Russian institutions as well as fiat transfers.
The Bank of Russia has added…
