Russia has registered its first group of cryptocurrency exchange operators and digital asset custody institutions under new rules that took effect on Sept. 1. The Bank of Russia published the initial list of authorized operators, covering four exchange operators and five custody institutions. Sberbank, Russia’s largest bank, appeared on the custody list alongside Atomyze, Voltari, and Cloud Infrastructure, while VTB Bank was listed in both categories. Sberbank said it has applied for digital asset custody status and plans to roll out its first crypto products on Dec. 1 through SberBank Online, SberInvestments, and SberBusiness. The initial offering is set to support Bitcoin, Ether, and USDt. The registrations are based on a cryptocurrency law signed by Russian President Vladimir Putin in August, which places exchanges, custodians, brokers, and investors under Bank of Russia supervision while keeping the ban on using cryptocurrencies to pay for goods and services.
Russia has registered its first batch of cryptocurrency exchange operators and digital asset custody institutions under rules that took effect on Sept. 1.
The Bank of Russia published the first list of authorized operators, including four exchange operators and five custody institutions. Sberbank, the country’s largest bank, was listed among the custody institutions alongside Atomyze, Voltari, and Cloud Infrastructure. VTB Bank appeared on both lists.
First authorized group includes exchange and custody firms
The exchange operator list includes T-Invest Lab, Zefir, and Sistema-Crypto. The custody list includes Sberbank. The central bank said these were the first authorized operators under the new framework.
Sberbank plans first crypto products for Dec. 1
Sberbank said it has applied for digital asset custody institution status and plans to launch its first cryptocurrency products on Dec. 1 through SberBank Online, SberInvestments, and SberBusiness. At launch, the products will support Bitcoin (BTC), Ether (ETH), and USDt (USDT).
Registration follows crypto law signed in August
The registrations are based on a cryptocurrency law signed in August by Russian President Vladimir Putin. The law places exchanges, custody institutions, brokers, and investors under the supervision of the Bank of Russia, while keeping in place the ban on using cryptocurrencies to pay for goods and services.
The report was cited from Cointelegraph and relayed by Odaily.
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.
