Russia’s largest bank, Sberbank, has secured central bank approval to trade cryptocurrencies, including Bitcoin, Ether and Tether USDt, ahead of a planned December launch. The Bank of Russia’s updated register lists 10 authorized crypto exchange operators and 6 digital custodians, up from 4 and 5 respectively a week earlier. Sberbank has already begun testing crypto purchases, sales, deposits and withdrawals through its SberBank Online app. The registrations follow Russia’s new crypto rules that took effect September 1, placing exchange operators and custodians under central bank oversight. Russia still prohibits using cryptocurrencies to pay for goods and services.
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