Sberbank to Build Crypto Trading Infrastructure by December 2024

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Russia's largest bank, Sberbank, is planning to establish a cryptocurrency trading infrastructure by December. The move comes as Russia prepares to implement new regulations governing crypto trading, custody, and settlement, which take effect on September 1. The regulatory framework will require licensed intermediaries to comply with additional requirements starting July 2027. Sberbank's initiative positions it as an early mover in Russia's emerging regulated digital asset market.

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