Sberbank Launches Crypto Payments Amid Russia's Digital Currency Regulation

Sberbank, Russia's largest lender by assets, has launched a cryptocurrency payments-as-a-service offering for corporate clients trading internationally. The move coincides with the enforcement of the Russian law on digital currency.

The law regulates coin transactions in the Russian Federation, and Sberbank is now processing cross-border payments in cryptocurrency. This development is likely to accelerate institutional crypto adoption, DeFi/CEX integration, and cross-border settlement while drawing increased regulatory and security scrutiny.