Sberbank joined the Bank of Russia’s register of crypto exchange organizations on Monday, bringing the list to ten firms. This registration allows Russia’s largest bank to buy and sell digital currencies on its own account outside organized trading. Sberbank was already on the regulator’s separate register of digital depositories, and together with VTB, it is the only firm on both lists. The bank plans to launch its first crypto products by December 1, starting with bitcoin (BTC), ethereum (ETH) and the stablecoin tether (USDT) through its platforms SberBank Online, SberInvestments and SberBusiness.
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