Russia Registers First Crypto Exchanges and Custodians
Russia has registered its first group of crypto exchanges and custodians under a new law, including Sberbank, which plans to launch crypto products on Dec. 1.
Russia has officially registered its first group of cryptocurrency exchanges and custodians under a new regulatory framework, according to Cointelegraph. Among the newly registered entities is Sberbank, the country's largest bank.
Sberbank to Launch Crypto Products
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Following its registration as a crypto custodian, Sberbank announced plans to roll out cryptocurrency products. The bank intends to offer services for Bitcoin, Ether, and USDT starting on Dec. 1.
Key facts
- Russia registered its first crypto exchanges and custodians under a new law.
- Sberbank, Russia's largest bank, is among the first registered custodians.
- Sberbank plans to launch Bitcoin, Ether, and USDT products on Dec. 1.
Source: cointelegraph.com
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