Sberbank Wins Russia’s Approval for Crypto Exchange Services
The bank joins nine registered operators as Russia’s regulated crypto framework expands ahead of a Dec. 1 product launch.
- The Bank of Russia added Sberbank to its register of authorized digital currency exchange operators on Saturday, enabling the lender to offer cryptocurrency trading services alongside nine other registered firms.
- Russia's regulated crypto trading framework, which took effect Sept. 1, permits banks to act as intermediaries for trading, custody, and cross-border settlements under central bank supervision. Sberbank has been developing infrastructure and testing Bitcoin, Ether, and Tether to support its planned product launch.
- Sberbank joins nine organizations on the exchange register, with five firms now listed as digital depositories including VTB and Atomyze. First deputy chairman Alexander Vedyakhin said the bank intends to launch its digital depository services by Dec. 1, 2026.
- This approval marks a significant shift from the central bank's 2022 proposal to ban domestic crypto exchanges. Although the framework permits cross-border settlements, it retains the prohibition on cryptocurrency payments for domestic commerce, requiring transactions to go through registered intermediaries.
- While expanding domestic operations, Sberbank remains subject to full blocking sanctions under Executive Order 14024. Treasury guidance prohibits United States persons from facilitating cryptocurrency transactions involving blocked property, establishing strict compliance boundaries.
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Cryptocurrency News | Cryptocurrency Prices | Market CapSberbank wins Russia’s approval for crypto exchange services
Sberbank has secured the Bank of Russia’s approval to provide cryptocurrency exchange services, joining nine registered operators ahead of its planned Dec. 1 product launch. The Bank of Russia has added Sberbank to its register of organizations authorized to exchange…
The Central Bank of the Russian Federation Has Entered the Sber in the Register of Crypt Exchangers.
The Bank of Russia has decided to place Sberbank on the register of organizations that exchange digital currencies, as reported on the regulator's website.
The Bank of Russia included Sberbank in the register of organizations authorized to exchange digital currencies. "The Bank of Russia decided on 12 October 2026 to include information on the legal entity in the register of organizations that exchange digital currencies: the Public Stock Company "Sberbank Russia", including its right to carry out the activities of the organization that carries out the exchange of digital currencies," referred to i…
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