The Bank of Russia has registered the country’s first digital asset operators under new rules that took effect on Sept. 1. The regulator added five companies to its digital asset custody register and four companies to its cryptocurrency exchange register. Sberbank was approved as one of the new custodians, while VTB appeared in both categories. The move follows a law signed by President Vladimir Putin in August that created a formal framework for cryptocurrency exchanges, custodians, brokers and investors, with the central bank assigned as the market regulator. Sberbank has already started preparing products for the new market and plans to launch its first cryptocurrency services on Dec. 1, with expected support for Bitcoin, Ether and USDT. The central bank said approved companies must comply with the new trading rules and bring their operations fully in line with the regulations by Sept. 1, 2027.
The Bank of Russia has registered the country’s first digital asset operators under rules that took effect on Sept. 1.
The regulator placed five companies on its digital asset custody register and four companies on its cryptocurrency exchange register. Sberbank was approved as one of the new custodians, while VTB was listed in both categories.
The step follows a law signed by President Vladimir Putin in August. That law created a formal framework for cryptocurrency exchanges, custodians, brokers and investors, with the Bank of Russia responsible for market oversight.
Sberbank has started preparing products for the new market and plans to launch its first cryptocurrency services on Dec. 1. The offering is expected to support Bitcoin, Ether and USDT.
The central bank requires approved companies to follow the new trading rules and bring their operations into full compliance by Sept. 1, 2027.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
