The Russian Central Bank approves Sberbank's cryptocurrency trading and launches product on December 1st

On October 12th, the Russian Central Bank included Sberbank in the register of institutions authorized to trade digital currencies, allowing it to buy and sell cryptocurrencies. Sberbank plans to launch the first batch of cryptocurrency products on Sberbank Online, SberInvestments, and SberBusiness starting from December 1st, supporting USDT issued by Bitcoin, Ethereum, and Tether. Retail investors can trade up to 300000 rubles per year and must pass a knowledge test. Using cryptocurrency to pay for goods within Russia is still illegal.