Russia Registers First Crypto Exchanges and Custodians Under New Framework
Source Summary
Russia has registered its first cryptocurrency exchanges and custodians under a new regulatory framework, with Sberbank, the country's largest bank, among the approved entities. Sberbank plans to launch crypto products on December 1.
Why it matters
Russia's formal registration of crypto exchanges and custodians signals official state recognition and regulatory oversight of cryptocurrency markets in the country.
