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Russia’s Sberbank to Become Market Maker for Regulated Crypto Platforms

  • Sberbank, Russia's largest bank, is set to become a market maker for the country's regulated cryptocurrency platforms.
  • Bank of Russia launches a three-year experimental regime for qualified crypto investors, where strict qualification standards need to be met to buy or sell cryptocurrencies.
  • Sberbank is planning to offer ETF-like products that provide crypto exposure without owning the actual coins, similar to Western markets.
  • Russia is prioritizing addressing crypto crime and developing new regulations to regulate cryptocurrency efficiently, including rules for using derivatives linked to crypto values.

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