{"id":24293,"date":"2025-05-27T11:21:19","date_gmt":"2025-05-27T08:21:19","guid":{"rendered":"https:\/\/forklog.com\/en\/sberbank-to-act-as-market-maker-for-russian-bitcoin-exchanges-and-launch-etf\/"},"modified":"2025-05-27T11:21:19","modified_gmt":"2025-05-27T08:21:19","slug":"sberbank-to-act-as-market-maker-for-russian-bitcoin-exchanges-and-launch-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sberbank-to-act-as-market-maker-for-russian-bitcoin-exchanges-and-launch-etf\/","title":{"rendered":"Sberbank to Act as Market Maker for Russian Bitcoin Exchanges and Launch ETF"},"content":{"rendered":"<p>Sberbank will assume the role of liquidity provider and market maker on Russian cryptocurrency platforms, according to <a href=\"https:\/\/www.rbc.ru\/crypto\/news\/6834a4299a794781de6dc19e\">RBC<\/a>, citing a statement from Alexander Zozulya, Director of the Global Markets Department at Sberbank.<\/p>\n<p>The exchanges will be established within a <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-russia-proposes-trial-framework-for-cryptocurrency-transactions\">regulatory sandbox<\/a>, and operations will be permitted for <span data-descr=\"annual income of 50 million rubles or investments in securities and deposits above 100 million\" class=\"old_tooltip\">super-qualified investors<\/span>. Cryptocurrency products will be available to them without direct ownership, similar to ETFs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;In Russia, these could be structured products, <span data-descr=\"digital financial assets\" class=\"old_tooltip\">DFAs<\/span> or <span data-descr=\"mutual investment funds\" class=\"old_tooltip\">MIFs<\/span>, providing exposure to Bitcoin, Ethereum, or a basket of cryptocurrencies, but without direct ownership or the ability to physically possess them,&#8221; Zozulya explained.<\/p>\n<\/blockquote>\n<p>For a full launch, amendments to the Civil and Tax Codes and the Central Bank&#8217;s regulations will be necessary.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We already have the infrastructure ready; we just need to add new instruments. An experimental platform will be created for super-qualified investors, where an attempt will be made to &#8216;legitimize&#8217; direct cryptocurrency ownership,&#8221; added the bank representative.<\/p>\n<\/blockquote>\n<p>In April, Russian authorities <a href=\"https:\/\/forklog.com\/en\/news\/russia-to-establish-exchange-for-highly-qualified-investors\">announced<\/a> the launch of a cryptocurrency exchange aimed at super-qualified investors.<\/p>\n<p>Later, in comments to ForkLog, experts <a href=\"https:\/\/forklog.com\/en\/news\/experts-clarify-new-russian-central-bank-requirements-for-digital-assets\">explained<\/a> the new requirements of the Central Bank of Russia for digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sberbank will assume the role of liquidity provider and market maker on Russian cryptocurrency platforms, according to RBC, citing a statement from Alexander Zozulya, Director of the Global Markets Department at Sberbank. The exchanges will be established within a regulatory sandbox, and operations will be permitted for super-qualified investors. Cryptocurrency products will be available to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1166,36,27,417],"class_list":["post-24293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-centralized-exchanges-cex","tag-regulation","tag-russia","tag-sberbank"],"aioseo_notices":[],"amp_enabled":true,"views":"70","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24293"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24292"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}