Russia has published its first official registers of cryptocurrency exchange operators and digital custodians under a new regulatory regime that took effect on Sept. 1. The Bank of Russia listed four exchange operators and five custodians, marking the first formal approvals under the country’s updated crypto framework. Sberbank, Russia’s largest bank, was included among the custodians, while VTB Bank appeared on both the exchange and custodian lists. Sberbank said it had applied for digital custodian status and plans to roll out its first crypto products on Dec. 1. At launch, the bank said it expects to support Bitcoin, Ether and USDt through SberBank Online, SberInvestments and SberBusiness. The registrations follow a crypto law signed by President Vladimir Putin in August that created a regulated structure for exchanges, custodians, brokers and investors, while keeping Russia’s ban on using crypto to pay for goods and services in place.
Russia has registered its first cryptocurrency exchange operators and digital custodians under new crypto rules that took effect on Sept. 1.
The Bank of Russia on Tuesday published its first registers of authorized crypto operators, listing four exchange operators and five custodians.
Russia’s largest bank, Sberbank, was included on the custodian list alongside Atomyze, Voltari and Cloud Infrastructure. T-Invest Lab, Zefir and Sistema-Crypto were listed as crypto exchange operators. VTB Bank appeared on both registers.
Sberbank targets Dec. 1 launch for crypto products
Sberbank said on Monday that it had applied for digital custodian status and plans to launch its first crypto products on Dec. 1. The bank said it initially plans to support Bitcoin (BTC), Ether (ETH) and USDt (USDT) through its existing SberBank Online, SberInvestments and SberBusiness platforms.
New law places the market under central bank oversight
The registrations came after Russian President Vladimir Putin signed a crypto law in August that created a regulated framework for exchanges, custodians, brokers and investors. The law places the market under the Bank of Russia’s oversight and keeps Russia’s ban on using crypto to pay for goods and services.
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