Key Highlights The Bank of Russia has authorized state-owned banking giant Sberbank to custody and facilitate transfers of bitcoin and other digital currencies. New regulatory frameworks restrict unqualified investors to purchasing up to 300,000 rubles ($3,556) in cryptocurrencies annually per intermediary, while qualified investors face no such asset limits. Sberbank plans to launch its proprietary ...
Key Highlights The Bank of Russia has expanded its official cryptocurrency exchange register to 10 entities, recently adding state banking giant Sberbank and Ryazan-based Paradise Technology. Firms admitted to the exchange and depository registers operate under transitional provisions of the federal law on digital currencies and digital rights, with a deadline for full compliance set ...
Key Highlights: The Bank of Russia has formally added Sberbank, the nation’s largest lender, to its official register of cryptocurrency exchange providers. Sberbank previously joined the central bank’s digital depository register, allowing the institution to manage custody-related records alongside direct digital asset trading. The move expands Russia’s newly regulated digital asset framework enacted on Sept. ...
Key Highlights: The Central Bank of Russia has officially authorized Sberbank to provide cryptocurrency exchange services. Russia’s largest lender was formally included in the central bank’s authorized crypto exchange register on Monday. The regulatory approval marks an expanded role for Sberbank within the nation’s evolving legal framework for digital assets. Central Bank of Russia Authorizes ...
Russia’s largest bank, Sberbank, is preparing to expand its cryptocurrency-backed loan products by accepting Ethereum (ETH) and Tether (USDT) as collateral alongside Bitcoin (BTC). According…