Russia launches regulated crypto market with 4 exchanges and 5 depositaries
- —Digital depositary registry includes Sberbank, VTB, Atomyze, Voltari and Cloud Infrastructure
- —Registered exchange operators are VTB, Zefir, Sistema Crypto and T Invest Lab
- —Non-qualified investors are capped at 300,000 rubles per year per intermediary
- —Sberbank to start trading and custody on December 1; VTB to launch its exchange in December
Why it matters: Russia is institutionalizing its crypto market through its largest banks, widening access to BTC, ETH and USDT for retail and businesses.
Source: The Cryptonomist (IT)
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