Sberbank to Launch Crypto Wallet as Russia Opens Regulated Digital Asset Market

Key Takeaways:

• Russia’s largest bank, Sberbank, plans to launch a cryptocurrency wallet and digital depository by December.
• The rollout depends on a new digital currency law expected to take effect on September 1, opening the door for licensed crypto services.
• Russia is shifting from years of strict crypto restrictions toward a regulated digital asset market, particularly for investment and cross-border transactions.

Russia’s largest lender, Sberbank, has announced plans to introduce a cryptocurrency wallet and digital asset depository by December 2026. This marks a significant step in the country’s evolving approach to digital currencies. The services will be integrated into the bank’s Sberbank Online and SberInvestments platforms once the new law “On Digital Currency and Digital Rights” comes into force.

According to Sberbank First Deputy Chairman Kirill Tsarev, customers will be able to access authorized cryptocurrencies directly through the bank’s applications. The bank also intends to offer secure custody and accounting services for digital assets.

New Law Creates Regulated Crypto Framework

The legislation, expected to take effect on September 1, will establish a licensing system for cryptocurrency trading, custody, digital-to-fiat exchange, and cross-border settlements. Retail investors will be allowed to participate under testing requirements, with annual investment limits of around s. Companies will have until July 1, 2027, to register under the new regulatory framework.

Russia’s Crypto Policy Continues to Evolve

The move reflects a major policy shift after years of resistance from Russian regulators. While crypto payments remain prohibited domestically, authorities have gradually expanded support for regulated trading, crypto mining, and cross-border settlements following international sanctions. Other major lenders, including VTB and T-Bank, are also preparing digital asset custody services, signaling broader institutional adoption across Russia’s financial sector.