The bank will launch international settlements in digital currencies for businesses by the end of the year. In addition, it will expand lending secured by digital assets. Besides BTC, it plans to accept ETH and USDT.
As of September 1, Russian cryptocurrency legislation comes into force. Sber predicts that in the first year, cryptocurrency turnover on Russia-regulated crypto exchanges will reach up to ₽4 trillion ($46.7 billion). By 2028, this figure could grow to ₽5.25 trillion ($61.3 billion), and by 2029 to ₽7.5 trillion ($87.6 billion). At the same time, Sber believes that in the short term, the digital ruble will account for at most tenths of a percent of total money turnover.