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Russia’s Biggest Bank Sberbank Wins Approval to Trade Bitcoin

Sberbank now holds both custody and exchange status under Russia's new crypto law, and plans to bring Bitcoin, Ethereum and USDT to apps used by 110 million retail clients.

Russia’s Biggest Bank Sberbank Wins Approval to Trade Bitcoin
Decrypt
AI summary

Sberbank, Russia's largest bank, has received approval to trade Bitcoin, Ethereum, and USDT under the country's new crypto law. The bank now holds both custody and exchange status and plans to integrate these assets into apps used by 110 million retail clients. This move significantly expands crypto access in Russia and could drive adoption and liquidity, making it a bullish development for the broader market.

Narrative history
2 linked stories · 3 outlets · since 13 Oct
  1. 1H AGO
    You’re reading this
    Russia’s Biggest Bank Sberbank Wins Approval to Trade Bitcoin
    Decrypt · Score 75
  2. 13 OCT · 10:22
    Cointelegraph · Score 47 · via Sberbank, Russia
  3. 13 OCT · 09:02
    CoinDesk · Score 47 · via approval trade, Sberbank
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