According to CoinMeta, Russia's largest bank Sberbank has received approval from the Russian Central Bank to become an institution that can trade digital currencies. This decision allows Sberbank to buy and sell cryptocurrencies in its own name and with its own funds. The announcement was published on the regulatory agency's website, and Sberbank was selected as one of 27 approved digital storage institutions out of 2,400 applicants. Sberbank plans to start operations on December 1st and stated that it will utilize its existing customer interface. Sberbank, the vice chairman of Anatoly Popov, predicts that Russia's crypto transaction volume could reach 4 trillion rubles (about 46 billion US dollars) in the first year and 7.5 trillion rubles (about 89.7 billion US dollars) by 2029.