Sberbank plans to launch crypto trading rails and digital asset custody services in Russia by December 1.
DeFi & Yields ·
Sberbank is preparing to launch cryptocurrency trading infrastructure and digital asset custody services in Russia by December 1, according to reporting from the financial news service. The initiative aligns with the country's broader push to establish regulated domestic crypto rails while maintaining restrictions on cryptocurrency use for domestic payments. A senior Sberbank executive previously stated the bank was ready to offer crypto trading once Russia finalized its regulatory framework.
Russia has been moving toward a licensing regime for digital asset providers, with legislation requiring exchanges and custodians to register with the Bank of Russia or face penalties. The central bank has also proposed capital limits on banks' own crypto exposure and risk weights on client holdings. These rules sit alongside existing bans on using cryptocurrencies to pay for goods and services within the country, a framework intended to control domestic circulation while permitting cross-border transactions.
The December timeline remains subject to Russia's ongoing regulatory finalization process. It remains unclear whether the deadline will hold, whether other institutions plan similar launches, or what specific custody and trading products Sberbank intends to offer under the final rules.