Sberbank Lands on Both of Russia’s Crypto Registers With Bank of Russia Exchange Listing
By Unchained
AI summary of the source article
The Bank of Russia added Sberbank to its register of crypto exchange operators on Oct. 12, following its listing as a digital depository. The bank plans to launch its first crypto products on Dec. 1.
Why it matters
According to Sberbank, “This status will allow the bank to provide services related to organizing the circulation of digital currency on interfaces which clients already use.”
Key facts
- Sberbank holds both registrations under Russia's new crypto framework as an exchange operator and a digital depository.
- Under the new regime, unqualified retail investors can purchase only bitcoin, ether, and USDT, capped at 300,000 rubles annually per intermediary.
- Sberbank aims to roll out its first crypto products on Dec. 1.
Source excerpt · Unchained
The central bank's Oct. 12 decision gives Sberbank an exchange registration on top of the digital depository status it received six days earlier under Russia's new crypto law. The post Sberbank Lands on Both of Russia’s Crypto Registers With Bank of Russia Exchange Listing appeared first on Unchained .