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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sberbank, Russia's largest lender, plans to establish a cryptocurrency trading infrastructure and a digital depository by December 2026 to support foreign trade operations. This move comes amid increased legal scrutiny, as Russian authorities recently detained BitRiver's founder on fraud charges related to a $12.5 million deal. Furthermore, Russia has implemented a mining ban in Moscow and other regions through 2032 to address power supply concerns.