Russia’s Banks Embrace Crypto | Bitcoin and Crypto News

Russia’s biggest bank, Sberbank, is launching a crypto wallet and digital vault by December, signaling a major pivot from past crypto crackdowns. As the country prepares to enact its new digital currency law in September, the government is creating a legal framework for licensed crypto trading, holding, and cross-border settlements — a sharp contrast to its 2022 ban push. With sanctions squeezing traditional payments, Russia is now legalizing crypto mining and testing digital asset trade settlements. Other banks like VTB and T-Bank are also moving in, while the new law caps retail crypto trading at 300,000 rubles annually — a controlled, but clear, path toward mainstream crypto integration. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6ba6154fde4d05a5