Sberbank and VTB have reportedly joined Russia’s digital-depository register, with VTB also listed as a crypto exchange. The move signals a more formal framework, but “first” claims are unclear—and planned retail launches are not yet confirmed.
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Russia has registered its first four crypto exchange operators and five digital depositories, including VTB and Sberbank. The rules open a supervised path for crypto services, but domestic crypto payments remain banned and planned bank launches are unconfirmed.
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Russia is moving crypto into a licensed, state-controlled market with tight retail limits, no domestic payment use, and a narrow role in foreign trade. It’s not a Bitcoin freedom play — it’s Moscow putting crypto in a box and keeping the lid on.
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