CoinDesk·3 min read·medium
Russia’s largest bank Sberbank plans crypto trading infrastructure by December
F
Francisco Rodrigues
✦AI Summary
Russia's largest bank, Sberbank, is preparing to launch cryptocurrency trading infrastructure by December, allowing clients to manage digital assets through a regulated depository. The move aligns with new Russian legislation that integrates crypto into the formal financial system while imposing strict liquidity requirements and intermediary oversight.
The depository, according to Interfax , will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate active wallets for client-initiated deposits, withdrawals and transfers.
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