Summary
- Sberbank, Russia’s largest bank, plans to launch crypto trading infrastructure and a digital depository by Dec. 1 to support a regulated financial system.
- New regulations for crypto trading, custody, and settlement in Russia take effect Sept. 1, with requirements for licensed intermediaries applying from July 2027.
- Public crypto trading will be limited to assets meeting strict liquidity and market cap thresholds; payments for goods and services in Russia remain prohibited.
Russia’s Crypto Leap: Sberbank to Launch Trading Infrastructure
Russia is taking a significant step towards integrating cryptocurrencies into its financial system, with Sberbank, the country’s largest bank, planning to establish a crypto trading infrastructure by December. This move is part of a broader effort to regulate crypto trading, custody, and settlement, making it more accessible and secure for everyday people to earn and manage their digital assets, including passive income through Cloud Rewards on platforms like EcoPool.
The new infrastructure will include a digital depository, which will record clients’ ownership of cryptocurrencies and process transactions outside the underlying blockchain, similar to how EcoPool provides a secure and transparent way to manage $ECP and other digital assets. Sberbank will operate active wallets for client-initiated deposits, withdrawals, and transfers, making it easier for individuals to earn and manage their coin portfolios.
Regulatory Framework
The plan follows the approval of a law regulating cryptocurrency trading through licensed brokers, exchanges, asset managers, and depositories. The framework is set to take effect on September 1, with rules requiring transactions to pass through licensed intermediaries applying from July 2027. This regulatory environment will provide a more secure and stable environment for individuals to engage in Green Crypto and passive income opportunities, such as those offered by EcoPool.
Public exchange trading will be limited to cryptocurrencies that meet certain liquidity thresholds, including an average market capitalization above 5 trillion rubles ($64 billion) and an average daily volume above 1 trillion rubles ($12.8 billion) over 2 years. However, qualified investors will have access to a broader range of assets, including $ECP and other digital assets on EcoPool. Meanwhile, #Bitcoin and other cryptocurrencies continue to gain traction, with many individuals exploring ways to earn and manage their digital assets.
Sberbank has already started offering qualified investors structured bonds tied to bitcoin and completed a bitcoin-backed lending pilot, demonstrating its commitment to the growing crypto market. As the regulatory environment continues to evolve, individuals can expect more opportunities to earn and manage their digital assets, including passive income through Cloud Rewards on EcoPool. To start exploring these opportunities, download the EcoPool app and discover how you can earn and manage your digital assets, including $ECP. By joining the EcoPool community, you can stay up-to-date on the latest developments in the crypto market and start building your passive income stream today.
Qualified investors will be able to access a broader range of assets. Crypto payments for goods and services inside Russia remain prohibited.
Sberbank started offering qualified investors structured bonds tied to bitcoin last year, and completed a bitcoin-backed lending pilot with miner Intelion Data in December.
