Sberbank approved to offer Bitcoin, Ethereum, USDT trading to 110.6 million clients

The Bank of Russia has officially listed Sberbank as an authorized crypto exchange operator, enabling the country’s largest lender to purchase and sell digital assets directly using its own funds. This regulatory move, announced on October 12, follows Sberbank’s addition to the register of digital depositories just six days earlier. With the latest registration, Sberbank is now permitted to act as both an exchange operator and a digital depository. This dual authorization allows the bank to facilitate trades and maintain client asset records entirely within its own systems, eliminating reliance on third-party platforms.