Sberbank Gets Green Light to Offer Bitcoin Trading to 110 Million Retail Clients

Russia’s Sberbank has received regulatory approval to buy and sell digital assets, opening a new channel for crypto traders. The move follows the Bank of Russia’s digital asset framework, designed to increase adoption and bring institutional and retail investors into legal channels. The country’s largest bank was added to a register of firms authorized to exchange cryptocurrencies days after it was included on a list of digital depositories. This allows the bank to track client holdings and provide relevant information to users. The register lists eight firms, highlighting the bank’s key role in the market. This follows increased institutional crypto adoption in Russia amid emerging economic factors. Per the announcement, the bank seeks to build on its initial traction in digital assets by offering new services through existing channels.

First reported by ZyCrypto. This page is a short excerpt; the full text is theirs.