Sberbank gains regulator approval to operate crypto exchange in Russia

Sberbank, Russia’s largest bank, has been officially registered as a crypto exchange operator by the Bank of Russia, enabling it to offer crypto trading services within the country. The decision was published on October 12, placing Sberbank among the approved institutions allowed to operate under Russia’s evolving digital assets framework. The Bank of Russia has created two primary registrations for organizations involved in cryptocurrency: crypto exchange operators and digital depositories. Earlier in October, Sberbank was also listed as one of the first digital depositories, institutions that maintain records of digital rights and cryptocurrency holdings.