Sberbank and T-Bank First to Apply for Crypto Exchange Licenses in Russia
- —Russia's central bank opened license applications for crypto exchanges and depositories on October 5
- —Sberbank and T-Bank applied for digital depository status
- —Banks plan to begin crypto asset trading as early as December
- —Bank crypto investments are capped at 1% of capital
Why it matters: Banks are set to dominate Russia's regulated crypto market, though strict capital limits will curb mass retail demand.
Source: Bits.media