Russia clears Sberbank for crypto trading ahead of December launch

Details

Russia’s largest bank, Sberbank, has secured crypto exchange authorization as it prepares to offer Bitcoin, Ether and Tether USDt trading.

Sberbank, Russia’s largest lender, has secured the central bank’s approval to trade cryptocurrencies, including Bitcoin, ahead of a planned December launch.

The Bank of Russia’s updated register, dated Tuesday, lists 10 authorized crypto exchange operators and six digital custodians, up from four and five, respectively, a week earlier. The lists include major lenders Sberbank and VTB alongside nonbank companies such as T-Invest Lab and Atomyze.

Sberbank previously said it plans to launch crypto products supporting Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT) on Dec. 1, 2026, through its existing SberBank Online, SberInvestments and SberBusiness platforms.

Sberbank has already begun testing crypto purchases, sales, deposits and withdrawals through its SberBank Online app, Russian business newspaper Vedomosti reported on Thursday, citing the bank’s press office. The bank said the final launch timeline depends on additional central bank regulations.

The registrations follow the Sept. 1 entry into force of Russia’s new crypto rules , which placed exchange operators and custodians under central bank oversight. The country still prohibits using cryptocurrencies to pay for goods and services.

Sberbank was among the first companies to secure digital custodian status last Tuesday.

Related: UK sanctions three crypto exchanges tied to Russian illicit funds

Subscribe to daily byte-sized crypto news from Cointelegraph

Crypto PACs report $2.7M spending blitz on House races as midterms loom

Australia proposes leverage caps for crypto-settled derivatives

Kraken parent clears Dubai’s final hurdle for dirham trading rollout

Crypto PACs report $2.7M spending blitz on House races as midterms loom

Australia proposes leverage caps for crypto-settled derivatives

Kraken parent clears Dubai’s final hurdle for dirham trading rollout

MediaMarktSaturn pulls Ledger products amid tampering reports

Bitcoin hits $84K resistance as Korean tech rout deepens KOSPI losses

France is world’s most dangerous place for Bitcoiners: 90 attacks in 7 months

Blur is shutting down its website, so why are NFT collectors cheering?

Binance to shut down crypto mining pool services in November

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy .

Related Coins

BTC, ETH, USDT

Source

Cointelegraph RSS