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.
President Putin signed a law to regulate crypto trading by late 2026 while maintaining a strict ban on domestic digital asset payments.
Read the full storyThe Russian government added Moscow and the Kursk region to its crypto mining ban list through 2032 to address power shortages.
Russian authorities detained BitRiver founder Igor Runets following a fraud investigation involving a $12.5 million dispute with En+.
Russia's largest bank plans to build a digital depository and infrastructure to facilitate crypto trading and asset management for its clients.
Russia's largest lender aims to build digital asset infrastructure by December 2026 as the nation moves to regulate crypto for international trade.