Largest Russian Bank to Establish Crypto Trading Infrastructure by Year’s End
Russia’s biggest lender, Sberbank, is preparing to roll out crypto trading infrastructure alongside a digital asset depository by December 1, marking another step in the country’s effort to integrate digital currencies into its regulated financial sector. The depository will maintain records confirming customers’ crypto ownership while processing most transactions away from public blockchain networks. The bank will also manage active crypto wallets, allowing clients to make deposits, transfers, and withdrawals when requested. The initiative follows the approval of legislation establishing a legal framework for crypto trading through exchanges, licensed brokers, custodians, and asset managers. The law will come into force…





