Odaily Planet Daily report: Russia’s largest bank, Sberbank, plans to launch cryptocurrency trading infrastructure and digital custody services by December 1 to support the regulated financial system. New Russian regulations on cryptocurrency trading, custody, and settlement will take effect on September 1, with requirements for licensed intermediaries applying from July 2027 onward. Public cryptocurrency trading in Russia will be limited to assets meeting strict liquidity and market capitalization thresholds, and the use of crypto assets for domestic goods and services payments remains prohibited.
Russia's Sberbank to Launch Crypto Trading Infrastructure by December 1
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Summary
Sberbank, Russia’s largest bank, plans to launch crypto trading infrastructure and custody services by December 1. New rules for crypto trading and settlement take effect on September 1, with licensing applications opening in July 2027. Only assets meeting liquidity and market capitalization thresholds will be eligible for public trading. Crypto remains prohibited for domestic payments. Altcoins to watch may experience shifts in trading volume as the market adjusts to the new framework.
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