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Russia’s Largest Bank To Provide Liquidity For Regulated Crypto Platforms

  • Sberbank, Russia’s largest bank, is set to become a liquidity provider and market maker for regulated crypto platforms in Russia.
  • The Bank of Russia plans to establish an Experimental Legal Regime for cryptocurrency transactions, allowing highly qualified investors to trade directly with digital assets.
  • Qualified investors in Russia are expected to include entities or individuals with significant investments or annual incomes, aiming to participate in the regulated cryptocurrency marketplace.
  • Sberbank intends to offer crypto-based investment products like structured products, ETFs, or mutual funds tied to digital assets like Bitcoin and Ethereum for qualified investors in the country.

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