Russia’s largest bank plans crypto wallet launch as Moscow clears market path
Services will integrate into “Sberbank Online” and “SberInvestments” once the “On Digital Currency and Digital Rights” bill takes effect in September.
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Summary
- Russia’s largest bank, Sberbank, plans to introduce a crypto wallet and digital depository by December, pending the adoption of new digital asset legislation.
- Services will integrate into “Sberbank Online” and “SberInvestments” once the “On Digital Currency and Digital Rights” bill takes effect in September.
- The plan comes after previous central bank opposition and the creation of a framework for licensed crypto trading, custody, and cross-border settlements.
