Russia Launches Licensing for Crypto Exchanges and Custodians

WHO:

Bitcoinist - The Bank of Russia, VTB, Sberbank, and several specialist operators are involved in the new regulated crypto-market framework.

WHAT:

Bitcoinist - Russia has moved into operation a new regulated crypto-market framework, adding firms to registers covering cryptocurrency exchanges and digital depositories.

Cointelegraph - Russia registered its first crypto exchanges and custodians, including Sberbank, which plans to launch crypto products.

WHERE:

Bitcoinist - The developments are taking place in Russia, specifically involving domestic firms.

WHEN:

Cointelegraph - Sberbank plans to launch crypto products on "Dec. 1."

WHY:

Bitcoinist - Domestic crypto payments remain restricted, indicating a controlled approach to cryptocurrency in Russia.

HOW:

Bitcoinist - The Bank of Russia is implementing a licensing process for crypto exchanges and custodians as part of the new framework.

(UPDATED October 7, 2026 20:00 UTC)

Russia has officially launched a new regulated crypto-market framework, with key players like the Bank of Russia, VTB, and Sberbank now involved in the initiative. This framework includes the registration of the country's first crypto exchanges and custodians, and Sberbank is set to introduce crypto products on December 1. While the move marks progress, domestic crypto payments remain restricted, reflecting Russia's cautious approach to cryptocurrency regulation.