The Bank of Russia subsequently published a draft list of assets eligible for public trading, selected by market capitalization
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The lending push reflects clear demand in a high-rate environment, where Russia's key interest rate stood at 14%.
Key facts
Sberbank Deputy Chairman Anatoly Popov told state news agency TASS that cryptocurrency trading volumes in Russia could reach as much as 4 trillion rubles, or about $46.43 billion, in the first year
The comments come as Russia's crypto framework takes effect September 1
The lending push reflects clear demand in a high-rate environment, where Russia's key interest rate stood at 14%
The bank said it prepared early for the rule change and already has hands-on experience with digital assets, having run a Bitcoin-backed loan pilot with mining firm Intelion in December 2025
Summary
Sberbank's Anatoly Popov told TASS that Russian crypto trading could reach about 4 trillion rubles (~$46.43 billion) in the first year under new rules and roughly 7.5 trillion rubles (~$87 billion) by 2029. The bank plans to accept Ethereum and USDT as loan collateral alongside Bitcoin—"after the Central Bank, of course, allows them for public circulation.” Russia's largest bank expects crypto trading to take off once the country's new digital asset rules take effect, and it's preparing to accept Ethereum and Tether's USDT as collateral for loans.