Russia's largest bank, Sberbank, plans to launch crypto trading infrastructure by December, according to reporting from CoinDesk. This development comes ahead of new regulations for crypto trading, custody, and settlement in Russia, which take effect on September 1.
The new regulations will require licensed intermediaries to meet specific requirements, although these requirements will not apply until July 2027. Sberbank's move to establish crypto trading infrastructure is likely a response to the changing regulatory environment in Russia.