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Sberbank launches crypto payments as Russia regulates digital currency


Sberbank launches crypto payments as Russia regulates digital currency

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Sberbank, Russia's largest bank by assets, has launched a crypto payments-as-a-service offering to process cross-border cryptocurrency payments for corporate clients. The rollout coincides with enforcement of the Russian law on digital currency and is likely to accelerate institutional crypto adoption, DeFi/CEX integration and cross-border settlement while drawing increased regulatory and security scrutiny.

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Russia’s largest lender, Sberbank, is now launching cryptocurrency payments as a service for corporate clients trading internationally. The move coincides with the enforcement of the law “on digital currency,” which regulates coin transactions in the Russian Federation. Sberbank starts processing cross-border payments in cryptocurrency The biggest Russian bank by assets, Sber, has begun processing cryptocurrency...
Read the article at CryptoPolitan

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