Russia Expands Crypto Access Through Banks Under New Rules

Russia is expanding regulated cryptocurrency access through major banks, with institutions such as Sber exploring crypto trading, custody, and related services.

The Finance Ministry expects up to 10 million new crypto users by 2027, while non-qualified investors will face annual investment limits and knowledge-test requirements.

The new framework aims to bring more crypto trading activity onshore under regulatory oversight, while domestic crypto payments remain prohibited.