"Sberbank will be prepared to provide clients access once regulation is enacted and exchange trading starts, in coordination with other market participants and regulators."
"The proposed law establishes a comprehensive framework for issuing, trading, and storing digital currencies under licensed intermediaries supervised by the Bank of Russia."
"The Bank of Russia published a concept for domestic cryptocurrency regulation that allows qualified and non-qualified investors to buy crypto assets."
"Authorities expect completion of legislation governing digital assets by July 1, 2026."
Sberbank plans to provide access to cryptocurrency trading following the establishment of regulations and organized exchanges. The Bank of Russia views cryptocurrencies as high-risk. A regulatory concept allows qualified and non-qualified investors to buy crypto assets, defining digital currencies and stablecoins as permissible for trading. Non-qualified investors can access liquid cryptocurrencies after passing a test, with an annual limit. Sberbank has expanded digital asset issuance significantly and issued a pilot crypto-backed loan. Legislation governing digital assets is expected to be completed by July 1, 2026.
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