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10/14/2026

Russia's Sberbank Approved for Crypto Trading, December 1 Launch Planned

What happened: Sberbank, Russia's largest bank, has received approval from the Bank of Russia to operate a crypto exchange, joining a register that now lists 10 operators.

Russia's Sberbank Approved for Crypto Trading, December 1 Launch Planned

What happened: Sberbank, Russia's largest bank, has received approval from the Bank of Russia to operate a crypto exchange, joining a register that now lists 10 operators. Sberbank will offer Bitcoin, Ether, and Tether trading starting December 1, 2026, with pilot testing already underway. The move follows Russia's new crypto law, effective September 2026, placing exchanges and custodians under central bank oversight.

Why it matters: Sberbank's entry marks a milestone in regulated crypto access within a major economy, albeit likely restricted to qualified investors. The development reflects Russia's evolving stance on digital assets amid ongoing sanctions and highlights the global trend of traditional financial institutions embracing crypto under regulatory frameworks.

Source: Cointelegraph