Russians Can Now Exchange Cryptos For Fiat Currency Via Sberbank; Ethereum Up 6%

Russia’s Sberbank allowed to issue and exchange digital financial assets; Ethereum rises 6 per cent as global crypto market gains.

Sberbank, Russia’s largest bank in terms of assets, has received all regulatory approvals, allowing it to issue and exchange digital finance assets (DFAs) in the country. DFAs are cryptocurrencies and other related assets like non-fungible tokens (NFTs). So now Russians can buy and sell their cryptocurrencies, NFTs, and other crypto assets in exchange for fiat currency via Sberbank.