Sberbank has received authorization to operate a crypto exchange in Russia, with the launch currently planned for December. The bank intends to offer access to Bitcoin, Ether and USDT through its existing apps rather than a separate standalone product. The rollout will take place under Russia’s current investor rules, which require non-qualified investors to pass a test before participating and also subject them to purchase limits. The move puts one of Russia’s largest banks in position to enter the local digital asset market through a regulated channel. TheDefiant reported the planned launch timing and the initial list of assets the bank expects to support.
Sberbank has received authorization to operate a crypto exchange in Russia, with the launch planned for December.
The bank plans to offer Bitcoin, Ether and USDT through its existing apps.
Under current Russian rules, non-qualified investors must pass a test and face purchase limits.
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