News · Cointelegraph

Russia clears Sberbank for crypto trading ahead of December launch

Sberbank, Russia's largest lender, has received central bank approval to trade cryptocurrencies and plans to launch Bitcoin, Ether and Tether USDt products on December 1, 2026, through SberBank Online, SberInvestments and SberBusiness. It has already tested crypto buying, selling, deposits and withdrawals in its app, but the final launch timing depends on further central bank regulations. The central bank's updated register now lists 10 authorized crypto exchange operators and six digital custodians, up from four and five a week earlier, including VTB, T-Invest Lab and Atomyze. These moves follow new crypto rules that took effect on September 1, placing exchanges and custodians under central bank oversight, although Russia still bans using cryptocurrencies to pay for goods and services.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Cointelegraph ↗

Related news

  • Russia's largest bank Sberbank secures approval to trade crypto

    Sberbank, Russia's largest bank, has been added to the Bank of Russia's register of cryptocurrency exchange providers, following its earlier entry into the digital depository register this month. The bank plans to open crypto trading to all clients on Dec. 1 and is already testing BTC, ETH and USDT trades in its app. Domestic crypto payments remain banned, and from July of next year all crypto transactions must go through registered intermediaries, which would effectively shut out peer-to-peer trades settled through Russian bank accounts. Nine organizations are now on the exchange register, including VTB and T-Invest Lab.

    CoinDesk·▲ BTC/USDT
  • Russia's Biggest Bank Sberbank Wins Approval to Trade Bitcoin

    The Bank of Russia added Sberbank to its register of crypto exchange operators on October 12, six days after listing it as a digital depository. Sberbank plans to launch Bitcoin, Ethereum and USDT on December 1 across SberBank Online, SberInvestments and SberBusiness, though the date depends on central bank decisions and secondary regulations being ready in time. Non-qualified retail buyers face a 300,000-ruble (about $3,800) annual cap per intermediary and a knowledge test, and paying for goods with crypto remains illegal. Deputy Chairman Anatoly Popov has forecast that Russian crypto trading volumes could reach 4 trillion rubles (roughly $46 billion) in the first year.

    Decrypt·▲ BTC/USDT
  • Kraken parent clears Dubai's final hurdle for dirham trading rollout

    Payward, the parent company of Kraken, received full market approval from Dubai's VARA for its local entity Payward FZCO, following preliminary approval in May 2026. Kraken clients in the UAE will be able to access spot and margin trading in AED pairs and make direct deposits and withdrawals, with launch targeted in the coming weeks. The VASP license issued on Oct. 6 allows management, investment and broker-dealer services for retail, professional and institutional investors. VARA's register now lists 58 licensed providers, up from 49 active companies in May 2026. In August and September, Capital.com and Standard Chartered also announced plans or launched expanded crypto offerings in the UAE.

    Cointelegraph·
  • Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms

    The Bank of Russia confirmed in an October 12 FAQ that direct crypto trades between individuals will be legal only until July 1, 2027, under Federal Law No. 282-FZ. After that date, individuals cannot move crypto to their own non-custodial wallets, transfer it to others through depository-run addresses, or lend crypto, and may trade only through licensed brokers or registered exchange organizations. Non-qualified investors must pass a test and can buy up to 300,000 rubles (about $3,600) of crypto a year, limited to Bitcoin, Ethereum and USDT. Russian banks will also refuse clients funding wallets on foreign platforms from that date. Sberbank joined the central bank's exchange register on October 12 and plans to launch its first crypto products on December 1.

    Decrypt·▼ BTC/USDT
  • Russia to Ban Direct Person - to - Person Crypto Trades in July 2027

    The Central Bank of Russia says Russian citizens will not be allowed to buy or sell crypto directly without state-regulated intermediaries starting next summer, according to FAQ guidance. Peer-to-peer crypto transactions between individuals will be removed from the list of legal operations after July 2027, and media note people may try to bypass the ban by disguising sales as gifts or debt repayments. Under a law signed by Vladimir Putin, crypto can only be traded through regulated institutions such as exchanges, brokers, asset managers and digital depositories, with retail purchases capped at 300,000 rubles ($3,690) per year through each intermediary. The Central Bank has begun a registry of 12 authorized operators, including state lenders Sberbank and VTB, and the law bans crypto payments inside Russia but not cross-border settlements.

    themoscowtimes.com·▼ BTC/USDT▼ ETH/USDT
  • Russia to ban direct peer-to-peer crypto trades starting July 2027

    The Bank of Russia said in updated guidance that individuals will be banned from direct peer-to-peer crypto trades starting July 1, 2027, and until then such trades are permitted only through authorized intermediaries. Individuals also cannot transfer crypto assets from their digital accounts to self-custody wallets. The regulator has also authorized Sberbank, the country’s largest bank, to offer crypto exchange services after earlier approving it as a digital asset custodian. Under new rules effective September 1, exchange operators and custodians are under central bank oversight, and Russia still prohibits crypto payments for goods and services. Industry executives quoted in the article said restrictions on P2P trading and noncustodial wallets may be difficult to enforce.

    Cointelegraph·▼ BTC/USDT▼ ETH/USDT

Related markets

Crypto →

Latest news

  • Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out

    Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.

    CafeF·SCLearningsVingroup
  • Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers

    At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.

    CafeF·• CTDCTDhousingearnings
  • UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.

    UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.

    Yahoo Finance·dividendsUPSAmazon
  • Asian shares mostly decline after AI stocks lead a rebound on Wall Street

    Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.

    clickorlando.com·▲ QQQ▲ SPY▲ NVDA• VNINDEXAsiaartificial intelligenceWall Street
  • Asian shares mostly decline after AI stocks lead a rebound on Wall Street

    Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.

    clickondetroit.com·▲ QQQ▲ SPY▲ NVDA• VNINDEXAsiaartificial intelligenceWall Street
  • What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?

    X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.

    Yahoo Finance·XEnuclear powerAmazon

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.