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Russia steps up crypto regulatory overhaul by year end, Sberbank joins in

Russia may have an institutional framework in place by the end of 2026 to operate its cryptocurrency industry legally. A deputy governor of the central bank said detailed rules needed to run the industry could be completed by year end. President Vladimir Putin signed a law in August to formalise regulation of digital currency and digital rights, while bitcoin payments inside Russia remain banned. The central bank has approved retail bitcoin trading on domestic exchanges with caps for non-qualified investors. Sberbank plans bitcoin, wallet and custody services in December.