Sberbank wins Russia’s approval for crypto exchange services
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Sberbank has been added to the Bank of Russia’s register of organizations authorized to exchange cryptocurrency, alongside nine other registered operators. The bank plans to begin offering its first crypto products through existing customer interfaces on Dec. 1, and one report says it is already testing BTC, ETH and USDT trading in its app.
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What it means
Sberbank clients are the group most likely to notice this first, because the bank plans to open crypto trading to all clients on Dec. 1. The change would appear inside the bank’s own app and customer interfaces, where BTC, ETH and USDT trading is already being tested or first crypto products are planned.
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