Sberbank Prepares to Launch Crypto Trading Services by December

Sberbank is moving quickly to establish infrastructure for crypto trading and custody services. The Russian banking giant plans to have these systems operational by December. This shift follows a broader move by the Russian government to create a formal framework for digital assets.

New national regulations concerning crypto trading, custody, and settlement are set to begin on September 1. These rules aim to bring digital asset transactions under clear oversight while providing a legal path for major financial institutions to participate in the market.

While the industry is preparing for these updates, the government has set a longer timeline for licensed intermediaries. Companies seeking these specific licenses have until July 2027 to meet all federal requirements. Traders should watch how Sberbank implements these tools as other local financial players will likely follow suit.