Russia’s financial system is preparing for a major shift toward regulated cryptocurrency activity, with Sberbank, the country’s largest bank, at the center of the buildout. The bank has committed to launching core crypto infrastructure, including a digital depository, by December 1, positioning itself as an early mover ahead of a nationwide regulatory framework that takes effect September 1, 2026.The depository will serve as a record-keeping system, tracking who owns what cryptocurrency and settling most transactions without touching the underlying blockchain directly.As per reports, Alexander Vedyakhin, one of Sberbank’s top executives, framed it as the backbone of the bank’s new offering, handling everything from ownership records to client-directed transfers through actively managed wallets.Meanwhile,regulators at the Bank of Russia have drawn a line based on liquidity: only cryptocurrencies with an average market cap above 5 trillion rubles (about $64 billion) and daily trading volume topping 1 trillion rubles (roughly $12.8 billion), sustained over two years, will be eligible for exchange listing. In practice, this likely limits public trading to a small handful of the largest global tokens.Sberbank’s announcement lands just as Russian legislators finish laying the legal groundwork. Parliament recently pushed through final readings of what amounts to the country’s first full regulatory regime for digital assets, and the central bank will be handed sweeping authority once it’s in force, deciding which coins licensed platforms can offer and writing the detailed rules that govern them. The law also splits the market into five defined participant types: exchanges, brokers, custodians, asset managers, and exchange service providers.Two more pieces of legislation are still moving through the pipeline. One dealing with how crypto gains get taxed has already passed an initial vote, and a second, covering penalties for noncompliance, is expected to clear parliament before the transition period runs out.Japan Opens Doors for VCs: Access to Crypto and Web3 Startups ExpandedLedger Stax Review – Simplest Hardware WalletRipple Strikes Back: Defends XRP Decision Against SEC AppealLBRY Ceases Operations Amidst Financial Challenges.lwrp.link-whisper-related-posts{ margin-top: 40px;margin-bottom: 30px; } .lwrp .lwrp-title{ }.lwrp .lwrp-description{ } .lwrp .lwrp-list-container{ } .lwrp .lwrp-list-multi-container{ display: flex; } .lwrp .lwrp-list-double{ width: 48%; } .lwrp .lwrp-list-triple{ width: 32%; } .lwrp .lwrp-list-row-container{ display: flex; justify-content: space-between; } .lwrp .lwrp-list-row-container .lwrp-list-item{ width: calc(25% - 20px); } .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){ } .lwrp .lwrp-list-item img{ max-width: 100%; height: auto; object-fit: cover; aspect-ratio: 1 / 1; } .lwrp .lwrp-list-item.lwrp-empty-list-item{ background: initial !important; } .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text, .lwrp .lwrp-list-item .lwrp-list-no-posts-message{ }@media screen and (max-width: 480px) { .lwrp.link-whisper-related-posts{ } .lwrp .lwrp-title{ }.lwrp .lwrp-description{ } .lwrp .lwrp-list-multi-container{ flex-direction: column; } .lwrp .lwrp-list-multi-container ul.lwrp-list{ margin-top: 0px; margin-bottom: 0px; padding-top: 0px; padding-bottom: 0px; } .lwrp .lwrp-list-double, .lwrp .lwrp-list-triple{ width: 100%; } .lwrp .lwrp-list-row-container{ justify-content: initial; flex-direction: column; } .lwrp .lwrp-list-row-container .lwrp-list-item{ width: 100%; } .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){ } .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text, .lwrp .lwrp-list-item .lwrp-list-no-posts-message{ }; } Related Posts FTX leadership sues Sam Bankman-Fried over pre-bankruptcy $220M dealFairshake PAC Receives $4.9 Million Funding from Gemini’s Winklevoss TwinsStellar’s Protocol 20 Upgrade Faces Delay Amid Bug DiscoveryAave Crypto in Line for Huge Upside: Next Target Revealed! BloomBot: Unlocking the Future of DeFi TradingWhere MEVX Fits in Crypto TradingTop 3 Penny Crypto Set to Breach $1: MAGIC, GHST, and MATICTop 10 Crypto Rewards Credit Card