Russia Adds Sberbank to Crypto Exchange Register, Joining 9 Firms Before Dec. 1 Launch

Russia has extended its regulated crypto market by placing Sberbank on the list of the Bank of Russia of organizations based in the country that are permitted to exchange cryptocurrencies. Approval will enable the world’s largest lender to have a more formal position in the crypto sphere after also being placed in Russia’s digital depository register earlier this month. On October 12, the Bank of Russia included Sberbank in its list of crypto exchange organizations. Under Russia’s new regulatory framework, the registration will enable the bank to deliver services related to digital currency circulation and exchange.