Sberbank to Launch Crypto Trading Infrastructure by Year-End

Sberbank, Russia's largest bank, has announced plans to establish a crypto trading infrastructure by the end of 2026. This move comes as new regulations for crypto trading, custody, and settlement in Russia are set to take effect on September 1, 2026. The regulations will require licensed intermediaries to apply starting from July 2027. The bank's initiative is part of a broader push to integrate cryptocurrencies into Russia's financial system. Sberbank aims to provide a secure and compliant platform for crypto trading, aligning with the new regulatory framework. This development is significant as it represents a major step towards mainstream adoption of cryptocurrencies in Russia. For everyday people, this means increased accessibility to crypto trading through a trusted financial institution. Sberbank's involvement could bring more legitimacy and security to the crypto market in Russia, potentially attracting more retail investors. The new regulations will ensure that crypto trading platforms operate within a legal framework, providing consumers with greater protection. Investors and crypto enthusiasts should watch for further announcements from Sberbank regarding the launch of its crypto trading services. The implementation of the new regulations in September 2026 will be a key milestone, followed by the licensing requirements in July 2027. This is a developing story, and more details are expected to emerge as the deadline approaches. LLM Summary: Russia's largest bank, Sberbank, is preparing to offer crypto trading services by December 2026. New regulations for crypto trading, custody, and settlement in Russia will take effect on September 1, 2026, with licensing requirements starting in July 2027. Source: CoinDesk — https://www.coindesk.com/business/2026/07/25/russia-s-largest-bank-sberbank-plans-crypto-trading-infrastructure-by-december