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Crypto Regulation

Sberbank Added to Bank of Russia’s Crypto Exchange Register

The Bank of Russia on Oct. 12 granted Sberbank an exchange registration under the country’s new crypto law, six days after the lender received digital depository status. Sberbank now appears on both of Russia’s crypto registers. The central bank’s decision clears the state-controlled lender to operate as a registered crypto exchange alongside its depository role.

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AI take

Sberbank appearing on both of Russia's crypto registers is the substantive point: the same state-controlled lender would hold depository and exchange roles, concentrating rather than distributing market infrastructure. That matters for custody, listing and settlement, and for how much genuine competition the new regime permits. Whether other banks secure comparable dual status, and how the central bank sequences permissions, is the open question to watch.

Generated by AI for reference only.

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