Sberbank Crypto Trading Wins Bank of Russia Approval Ahead…
By Tobi Opeyemi Amure
AI summary of the source article
The Bank of Russia added Sberbank to its cryptocurrency exchange register, enabling the lender to trade digital currencies in its own name. Sberbank also holds a digital depository registration, planning a product rollout on 1 December 2026.
Why it matters
The status "will allow the bank to provide services related to organizing the circulation of digital currency on interfaces which clients already use", the lender stated.
Key facts
- Sberbank joined the Bank of Russia's cryptocurrency exchange register, allowing it to trade digital currencies on its own account.
- Holding both exchange and digital depository registrations allows Sberbank to execute trades and record holdings within the same institution.
- Sberbank plans to launch its digital depository and first crypto products by 1 December 2026, testing bitcoin, ether, and tether.
Source excerpt · FinanceFeeds
The Bank of Russia has added Sberbank to its register of cryptocurrency exchange providers, clearing the country’s largest lender to buy and sell digital currencies in its own name. Interfax reported the entry on 12 October , citing a statement on the regulator’s website, and the Sberbank crypto approval lands less than a week after the same bank joined the separate digital depository register. Ho…