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.