Russia Clears 4 Crypto Exchanges, 5 Custodians Under New Law

- Sberbank among first institutions registered as Russia’s crypto market law takes effect - Sberbank to launch crypto products beginning December 1, 2026 2026-10-07 On October 7, 2026, Crypto.news reported that Russia formally registered its first four cryptocurrency exchanges and five digital custodians, following the introduction of a new legal framework for crypto markets that took effect on September 1, 2026. Sberbank, the country’s largest bank, is among the registered institutions, and it announced plans to introduce crypto products starting December 1, 2026. As a result, these registrations signal Russia’s move toward its first comprehensive regulatory scheme for crypto trading and custody. According to Crypto.news on October 7, 2026, this development is a significant milestone for the Russian digital asset sector, as the new law regulates trading, custody, and related services. In addition, the inclusion of Sberbank highlights growing institutional involvement in Russia’s emerging crypto market and underscores the government’s attempt to integrate major financial players into the new regime. The law establishes specific requirements for exchanges and custodians, and it provides legal clarity while enhancing government oversight. Meanwhile, Sberbank’s upcoming crypto product launch aligns with the new regulatory regime and outlines a concrete timeline for further growth in Russia’s crypto sector. Therefore, the implementation of the legal framework is ongoing, and registered entities are preparing for expanded operations as regulatory processes continue to evolve.