Russian Banks Now Offering Crypto Investments?! ๐ฐ
Big news out of Russia! Banks are now allowed to offer crypto-based financial products to accredited investors. ๐ Think crypto derivatives and securities tied to Bitcoin's price, but with a catch: no actual crypto delivery.
This comes as crypto inflows in Russia jumped 51% in Q1 2025, hitting a whopping 7.3 trillion rubles! T-Bank is already offering Bitcoin-linked "smart assets," letting investors tap into crypto via traditional banking apps. ๐ฅ
While direct crypto investment isn't encouraged, the central bank is considering an experimental regime for direct Bitcoin trading. Russians are estimated to hold $9.2 billion in crypto on centralized exchanges, with Bitcoin leading the pack. โก๏ธ
What do you think of this?
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