Sberbank, Russia’s largest financial institution, intends to develop cryptocurrency trading infrastructure by December 1. The move comes as Russia prepares regulations for market participants and permits the use of crypto assets in foreign trade.
Sberbank announced plans to establish the infrastructure ahead of new national rules on digital assets. The bank will focus on enabling crypto use in international transactions once the framework is in place.
The initiative aligns with broader efforts in Russia to integrate cryptocurrency into cross-border operations. Officials have indicated that the regulatory changes will define how market participants can operate.
No specific details on the technology or partnerships involved were provided in the announcement.
