Russia's largest bank Sberbank plans to launch cryptocurrency trading infrastructure before December 1

Russia's largest bank Sberbank plans to launch cryptocurrency trading infrastructure and digital custody services by December 1 to support the regulated financial system.

New regulations for cryptocurrency trading, custody, and settlement in Russia will take effect on September 1, with requirements for licensed intermediaries applicable from July 2027. Public cryptocurrency trading in Russia will be limited to assets that meet strict liquidity and market capitalization thresholds, and the use of cryptocurrency assets for domestic goods and services payments remains prohibited.