Bank of Russia Registers Sberbank to Conduct Virtual Asset Exchange Operations
JH Kim
Summary
- Russia’s central bank said it had added Sberbank to its registry of institutions authorized to conduct virtual asset exchange operations.
- Sberbank was registered as an institution allowed to conduct virtual asset exchange operations within the regulatory framework set by Russia’s central bank.
- The exact scope of permitted transactions and the launch schedule for the service were not disclosed.
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The Bank of Russia has added Sberbank to its registry of institutions allowed to conduct virtual asset, or cryptocurrency, exchange operations.
According to the central bank on October 12, Sberbank was registered as an institution authorized to provide virtual asset exchange services.
The registration places Sberbank among institutions permitted to carry out virtual asset exchange operations within the regulatory framework set by the Bank of Russia.
The exact scope of permitted transactions and the launch schedule for the service were not disclosed.
JH Kim
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