Russia’s largest bank, Sberbank, has received authorization to operate a crypto exchange in the country and plans to roll out the service in December, according to Techub News. The bank is set to offer trading in Bitcoin, Ether and USDT through its existing app rather than a separate platform. The report also notes that Russia’s current rules will apply to retail access: non-qualified investors will be required to pass a test and will face purchase limits. The planned launch would place crypto trading inside one of the country’s biggest banking apps, with the service structure and investor restrictions tied to the existing regulatory framework described in the report.
Sberbank, Russia’s largest bank, has received authorization to operate a crypto exchange in the country and plans to launch the service in December, according to Techub News.
The bank will offer trading in Bitcoin, Ether and USDT through its existing app.
Under current Russian rules, non-qualified investors will be subject to testing requirements and purchase limits.
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