{"id":8299,"date":"2026-08-31T17:16:06","date_gmt":"2026-08-31T17:16:06","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/08\/31\/russias-sberbank-estimates-46-4b-trading-volume-in-first-year-of-crypto-buildout\/"},"modified":"2026-08-31T17:16:06","modified_gmt":"2026-08-31T17:16:06","slug":"russias-sberbank-estimates-46-4b-trading-volume-in-first-year-of-crypto-buildout","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/08\/31\/russias-sberbank-estimates-46-4b-trading-volume-in-first-year-of-crypto-buildout\/","title":{"rendered":"Russia\u2019s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Russia\u2019s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout<\/a><\/p>\n

<\/div>\n

Russia\u2019s largest bank, Sberbank, has said it expects trading volume with its new crypto rollout to hit 4 trillion rubles ($46.43 bln) in the first year, according to reports.\u00a0<\/p>\n

Volumes are also expected to hit 7.5 trillion rubles ($87.06 bln) by 2029, Sberbank Deputy Chairman of the Executive Board Anatoly Popov was quoted saying, as reported<\/a> by Tass on Saturday.\u00a0<\/p>\n

The forecast was deemed \u201cconservative\u201d according to the news report. Sberbank in July revealed<\/a> plans to debut a Bitcoin and crypto wallet as well as digital asset custody by December.\u00a0The Bank of Russia in July published draft regulations for crypto trading, and the State Duma is\u00a0preparing<\/a>\u00a0the comprehensive regulation of digital assets.\u00a0<\/p>\n

And in a Friday report, Tass quoted<\/a> Sberbank Deputy Chairman Anatoly Popov saying that the bank was planning to accept Bitcoin \u2014 and other cryptocurrencies \u2014 as collateral for loans.\u00a0<\/p>\n

Russia is fast moving ahead with regulating digital assets in the country. Russian President Vladimir Putin this month signed<\/a> a law to set in stone the regulation of digital currencies and digital rights in the country.\u00a0<\/p>\n

The new law reportedly allows only registered entities to operate as exchanges, and puts limits on the amount of crypto retail investors can use.\u00a0<\/p>\n

Still, despite the rollout, using digital assets as a means of payment or legal tender within Russia is still banned. Using crypto as a form of payment has been prohibited in Russia since 2022.\u00a0<\/p>\n

President Putin has appeared to praise Bitcoin in the past, once saying that the leading cryptocurrency can\u2019t be stopped.\u00a0<\/p>\n

Since the U.S. and European governments cut Russia off from the SWIFT payments system after it invaded Ukraine in 2022, Russian companies have been using<\/a> Bitcoin to skirt around the penalties.\u00a0<\/p>\n

But the Russian state keeps a tight grip on what its citizens can do with crypto: authorities have been cracking down and arresting people operating unregistered crypto exchanges.\u00a0<\/p>\n

And the amounts involved barely matter \u2014 a nuclear engineer in Sarov was sentenced<\/a> to 18 years for sending about $13 from his crypto wallet to groups the state designates as terrorist organizations.<\/p>\n

This post Russia\u2019s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Russia\u2019s Sberbank Estimates $46.4B Trading Volume in First Year of Crypto Buildout Russia\u2019s largest bank, Sberbank, has said it expects trading volume with its new crypto rollout to hit 4 trillion rubles ($46.43 bln) in the first year, according to reports.\u00a0 Volumes are also expected to hit 7.5 trillion rubles ($87.06 bln) by […]<\/p>\n","protected":false},"author":0,"featured_media":8300,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=8299"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/8300"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=8299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=8299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=8299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}