Russia Prepares Legal Crypto Framework by Year-End, Sberbank to Launch Custody in December
- —Bank of Russia says conditions for legal crypto operations may be ready by year-end
- —Non-accredited investors would be capped at RUB 300,000 via a single intermediary
- —Sberbank to launch bitcoin wallets and custody services in December
- —Sberbank projects RUB 4 trillion in transaction volume in its first year
Why it matters: Legalized trading and Sberbank's entry bring Russia's largest bank into crypto, while caps and the payment ban keep tight state control.
Source: DiarioBitcoin