The Bank of Russia has approved 17 crypto exchanges, among which Sberbank and VTB are named. According to DL News, both banks are preparing retail cryptocurrency trading for 1 December.

For the market, this means the touted expansion of a regulated banking channel for operations with crypto assets. However, in the available material, rules of operation, the list of available assets, or details of admission for individual participants are not specified.

The basis for the report is a DL News synopsis rather than a statement by the Bank of Russia or the full text of the primary document. The next important signals will be the official launch conditions and confirmation of the date 1 December.