Russia clears Sberbank for crypto trading ahead of December launch

60-second summary

Russia’s largest bank, Sberbank, receives official clearance to operate a cryptocurrency exchange, planning to launch Bitcoin, Ether and Tether USDT trading in December. The authorization marks the first major Russian financial institution entering retail crypto services, signaling regulatory openness and potentially boosting domestic crypto adoption while prompting competitors to seek similar licences, influencing market liquidity.