DECRYPT · 2026-10-14 19:46 UTC

Russia's Biggest Bank Sberbank Wins Approval to Trade Bitcoin

Russia's central bank approved Sberbank as a crypto exchange operator on October 12, six days after listing it as a digital depository. Sberbank plans to launch Bitcoin, Ethereum, and USDT trading on December 1 within its existing banking apps for 110.6 million retail clients. Retail investors face a 300,000 ruble annual cap per intermediary and must pass a knowledge test; crypto payments remain illegal in Russia.

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