Sberbank to Launch Crypto Trading Platform by December 1

Russia’s largest bank, Sberbank, has announced plans to launch a cryptocurrency trading infrastructure by December 1, 2026. This initiative aligns with the country’s broader strategy to establish clear regulations for crypto market participants and integrate crypto assets into foreign trade operations. The bank’s move is part of a larger effort by Russia to create a legal framework for cryptocurrencies. This includes setting rules for market participants and allowing the use of crypto assets in international trade. Sberbank’s platform is expected to provide a secure and regulated environment for trading various cryptocurrencies, potentially including Bitcoin and Ethereum. For everyday people, this development could mean easier access to cryptocurrency trading within Russia. It may also signal a shift in the country’s stance towards digital assets, potentially attracting more investors and businesses to the crypto space. The integration of crypto into foreign trade could also open up new opportunities for international transactions. As the December 1 deadline approaches, watch for further details on the platform’s features, supported cryptocurrencies, and the regulatory framework governing its operations. This could be a significant step towards mainstream crypto adoption in Russia. LLM Summary: Russia's largest bank, Sberbank, plans to launch a cryptocurrency trading infrastructure by December 1, 2026, as part of the country's broader effort to regulate crypto market participants and permit crypto assets in foreign trade operations. The platform is expected to offer a secure, regulated environment for trading cryptocurrencies such as Bitcoin and Ethereum. Source: CoinTelegraph — https://cointelegraph.com/news/russias-sberbank-to-launch-crypto-trading-infrastructure-this-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound