Russia’s largest bank, Sberbank, plans to launch crypto trading infrastructure and digital custody services before Dec. 1, according to ChainCatcher. The move is framed around support for Russia’s regulated financial system and comes ahead of a new compliance timetable for the country’s crypto market. Rules covering crypto trading, custody and settlement are set to take effect on Sept. 1. Requirements for licensed intermediaries will begin to apply from July 2027. The report also says public crypto trading in Russia will be limited to assets that meet strict liquidity and market capitalization thresholds. At the same time, the use of crypto assets to pay for goods and services inside the country will remain prohibited. The update outlines a regulated access model rather than broad legalization of crypto payments in the domestic economy.
Russia’s largest bank, Sberbank, plans to roll out crypto trading infrastructure and digital custody services before Dec. 1, according to ChainCatcher. The services are intended to support the country’s regulated financial system.
New Russian rules for crypto trading, custody and settlement are scheduled to take effect on Sept. 1. Requirements tied to licensed intermediaries will apply starting in July 2027.
Under the framework described in the report, public crypto trading in Russia will be restricted to assets that meet strict liquidity and market capitalization thresholds. The use of crypto assets for payments for goods and services within the country will remain banned.
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