Russia's largest bank, Sber, is rolling out Bitcoin-linked bonds, letting investors tap into crypto without needing wallets or leaving the ruble zone. ๐ฅ These bonds will track Bitcoin's price swings against the dollar, plus the dollar-to-ruble exchange rate!
Sber plans to list these bonds on the Moscow Exchange for easy access, and they're also prepping Bitcoin futures on their SberInvestments platform. ๐ฅ This move follows Russia's central bank greenlighting crypto financial products for accredited investors. Another Russian bank, T-Bank, already launched a Bitcoin-tied "smart asset."
Russians are clearly interested in crypto, holding billions on exchanges, with Bitcoin leading the pack. โก๏ธ Are you keeping an eye on this trend?
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