Russia's largest bank is preparing digital-asset custody and active crypto wallet services after the lower house passed a comprehensive crypto trading bill on July 21.
Sberbank plans to build crypto trading infrastructure by December 1, signaling faster preparations for a more formalized digital-asset market in Russia. The bank said the buildout will include digital-asset custodians and active crypto wallets after the lower house passed a comprehensive crypto asset trading bill on July 21. The move points to growing readiness among major financial institutions to support regulated crypto trading through licensed operators as Russia develops its legal framework for digital assets.