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71 Greed

Russia registers first crypto exchanges and custodians under new law

Russia registers first crypto exchanges and custodians under new law Image: Cointelegraph
Image via Cointelegraph.

Russia's central bank published its first registers of authorized crypto operators. Four crypto exchange operators and five custodians were listed. Sberbank was added to the custodian list and plans to launch crypto products in December. It initially plans to support BTC, ETH and USDT through existing Sberbank platforms. The registrations follow a crypto law signed in August that keeps crypto payments for goods and services banned.

Key points

  1. The Bank of Russia published its first registers of authorized crypto exchange operators and custodians.
  2. Four crypto exchange operators and five custodians were registered under rules that took effect in September.
  3. Sberbank, Russia's largest bank, was placed on the custodian list and plans to launch crypto products in December.
  4. The registrations follow a crypto law signed by President Vladimir Putin in August.

Why it matters

Russia's first authorized crypto exchanges and custodians place trading and custody under the Bank of Russia's oversight. Crypto payments for goods and services remain banned, while Sberbank plans to offer crypto products through its existing platforms.

What's unclear

The two reports list different names for the registered operators, with VTB named in one account and Atomyze, Voltari, Cloud Infrastructure, T-Invest Lab, Zefir and Sistema-Crypto

Price context · FORM

At publication
$0.2694
Now
$0.2706
Change since
+0.44%
7 days · dashed line = publication

Sources · 2 publishers

Cointelegraph Tier 1 First report
Russia clears first crypto exchanges, custodians under new law
Crypto.news Tier 2
Russia approves first crypto exchanges and custodians under new rules

Coverage timeline

  1. First reported by Cointelegraph
  2. Confirmed by Crypto.news
  3. CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error

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